📍It's raining Jargon.

It's raining Jargon. Close on the heels of Heatflation, comes Climateflation,. This definition refers to a permanent rise in the cost of living driven by the impacts of climate change and the economic responses to it. 

Coined by the economist Isabel Schnabel in 2022, the term portrays how environmental breakdown and extreme weather turn temporary price spikes into long-term inflation.

Holding up Climateflation are three junior flations:

👉 Carbonflation: Costs resulting from impacts of heatwaves, floods, and droughts that destroy agriculture and infrastructure.

👉 Greenflation: Higher costs associated with transitioning to renewable energy and retrofitting old infrastructure

👉 Fossilflation: price shocks in fossil fuels driven by external dependency, geopolitical conflicts, and energy bottlenecks.