section_path: Inflation effects/Efforts to combat fossilflation
section_name: Efforts to combat fossilflation
paragraph_text: Efforts to combat fossilflation
  
  Gernot Wagner argues that commodities are undesirable energy sources because they are susceptible to volatile price swings that technologies like renewable energy are not. He also argues that technologies improve and get relatively cheaper over time. Coming out of the COVID-19 pandemic, some argued for the possibility of a base effect phenomenon due to cheaper than normal prices, such as for oil, at the onset of the pandemic, followed by above-average prices which exacerbated the perceived inflation.