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Lagarde: Accelerating the transition to renewable energy will limit price increases

Lagarde In a blog that followed the opening of a summit "cup 27" Climate regulation organized by the United Nations in Egypt The transition to environmentally friendly energy sources "It will reduce the risk of rising energy prices".

and elevation Consumer prices 10.7 per cent in October, a figure well above the European Central Bank’s 2 per cent target, with costs rising Fossil fuels In the wake of the Ukrainian crisis.

The European population has been particularly affected by rising prices, as the continent has been importing huge quantities of oil for years fuel through pipelines from Russia.

Lagarde said so "prices power The excursion highlighted our dependence on fossil fuels and how precarious it is".

He noted that the transfer to Sources of renewable energyHow wind or solar powerwill lead to "Lower and more stable inflation rates" which is an order "It will allow our economies to function better".

and turn up European Central Bank interest rate several times in an attempt to control inflation.

Lagarde said recently that the fallout from the war in Ukraine and high energy prices mean this euro zone face the danger recession "bland" With the end of this year and the beginning of the next.

Earlier this month, the European Central Bank warned that banks may face measures imposed on them by late 2024 unless they make more efforts to identify risks. Climate change and treat him among his clients.

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reported Lagarde In a blog that followed the opening of the summit “cup 27“Climate regulation organized by the United Nations in Egypt Switching to environmentally friendly energy sources “would reduce the risk of rising energy prices”.

and elevation Consumer prices 10.7 per cent in October, a figure well above the European Central Bank’s 2 per cent target, with costs rising Fossil fuels In the wake of the Ukrainian crisis.

The European population has been particularly affected by rising prices, as the continent has been importing huge quantities of oil for years fuel through pipelines from Russia.

Lagarde said that “the prices of power The increase highlights our dependence on fossil fuels and how fragile this makes us “.

He noted that the transfer to Sources of renewable energyHow wind or solar powerit will lead to “lower and more stable inflation rates” which “will enable our economies to perform better”.

and turn up European Central Bank interest rate several times in an attempt to control inflation.

Lagarde said recently that the fallout from the war in Ukraine and high energy prices mean this euro zone face the danger recession “Moderate” at the end of this year and early next.

Earlier this month, the European Central Bank warned that banks may face measures imposed on them by late 2024 unless they make more efforts to identify risks. Climate change and treat him among his clients.

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