What's This Going to Cost Me?

POLITICO's Long Game newsletter features insights from RFF President Richard Newell about energy inflation.

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Date

Oct. 19, 2021

News Type

Media Highlight

Source

POLITICO

Now’s a good time to spend. Government is perhaps the biggest beneficiary of current low interest rates. The cost of borrowing right now is next to nothing, so the timing couldn’t be better for a massive federal intervention in the economy.

“It just so happens that the technologies that underpin a clean-energy economy are capital intensive,” said Richard Newell, president and CEO of Resources for the Future. “The cost of capital, the cost of investment is way down. It’s a good time to do this.”

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