Although the mechanism of the price rises I assume is the same as that in the Bank’s baseline scenario, my projections remain more cautious than the median of the Policy Board members’ forecasts. The outlook throughout fiscal 2017 was revised somewhat downward.
The answer, however, is not to block the development of these new technologies but, conversely, to trust even more scientists and innovators and support them in improving the environmental and sustainability profiles of their solutions. In order to support the development of efficient technological solutions combining innovation in finance and sustainability, new policy instruments such as innovation facilitators could play an important role.