ECB rate hikes could slow energy transition, economists warn

Economists Alain Grandjean and Pierre Jérémie argue in Le Monde that ECB interest rate hikes would raise the cost of financing the energy transition, potentially slowing the shift away from fossil fuels. They propose a social and ecological development program as an alternative to reduce the debt/GDP ratio. The piece is an opinion, not a policy change, but it highlights a growing debate over the macroeconomic trade-offs of monetary tightening.

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