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The Inflation Reduction Act Is Accelerating The Energy Transition ...Middle East
Commodity price inflation will help accelerate the shift from fossil fuels to alternative sources of energy, a senior Blackstone executive has told Bloomberg. According to Rob Horn, the asset manager’s global head of sustainable resources, higher commodity prices are making renewables more competitive. “Zero marginal cost renewables gets an edge over hydrocarbons in these commodity prices,” Horn said during a Bloomberg event. Wind and solar may not have marginal costs, but they do have other costs that are affected by inflation…
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