Green Energy Policies and Oil Prices Set for Comeback in 2024, Predicts Ex-Goldman Sachs Expert
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Commodity prices like oil are set to rise in 2024 as green energy policies make a comeback post-inflation, says ex-Goldman Sachs expert Jeff Currie.
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Politicians and businesses worldwide backed off green pledges when inflation spiked, but are likely to renew climate commitments as inflation fades.
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Currie admits he previously underestimated unwillingness to pay for green policies during inflation.
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China's expected 2024 stimulus and the end of Western central bank rate hikes will boost oil demand.
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With the return of green policies and rising commodity prices, it will feel like "everybody's going green again" by 2024.