Milano Finanza – The cost of Co2: here’s how much climate inflation matters

The Italian daily Milano Finanza published a byline article by Silvia Merler and Gabriele Foà, based on the Algebris Green Leaf newsletter.

According to the analysis, consumers would have borne a significant cost over the past 50 years (in the order of an annual average 1% of pro capita EU household consumption expenditure) if they had been made to pay for the growing CO2 deficit. Had this effect been incorporated into prices, the EU Consumer Price Index (CPI) would be about 50% higher today than it is estimated to be.