'Greenflation' threatens to derail climate action

Brine pools at the Albemarle Lithium mine in Chile. "Greenflation” is sending prices for metals and minerals essential to renewable technologies skywards. PHOTO: BLOOMBERG
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(FINANCIAL TIMES) The world faces a growing paradox in the campaign to contain climate change. The harder it pushes the transition to a greener economy, the more expensive the campaign becomes, and the less likely it is to achieve the aim of limiting the worst effects of global warming.

New government-directed spending is driving up demand for materials needed to build a cleaner economy.

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