RIZICI ZELENE TRANZICIJE: INFLACIJA KAO POSLJEDICA PRELASKA NA OBNOVLJIVE IZVORE ENERGIJE
RISKS OF GREEN TRANSITION: INFLATION AS A CONSEQUENCE OF THE TRANSITION TO RENEWABLES ENERGY SOURCES

Author(s): Goran Radivojac, Aleksandra Krčmar
Subject(s): Economy, Energy and Environmental Studies
Published by: Finrar d.o.o Banja Luka
Keywords: Green transition; inflation; renewable energy sources;
Summary/Abstract: Transition to renewable energy sources is one of the most current topics in recent years. There is no need to emphasize global importance of energy efficiency, since it has direct impact on how our world will look and function in a few decades. However, topic worth discussing is sustainable economic development in the conditions of ecological changes. Existing geopolitical tensions have further highlighted the need to shift to new energy sources and reduce dependence on natural resources, which are under the control of national authorities and - therefore - subject to restrictions. Since the end of the conflict in Ukraine and sanctions imposed on Russia is not in sight at the moment, it is realistic to expect that the Western Europe countries will intensify their activities on green transition and energy independence. This process, along with many positive ones, could have some negative consequences on the economic system. One of them is the so-called greenflation, caused by a mismatch between supply and demand for renewable energy sources. With this paper, we want to draw attention to the mentioned phenomenon and point out the importance of adequate preparation of monetary authorities for the challenges ahead.

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