Crosscurrent: Stagflation Meets Energy Transition

Greenflation from clean energy capex and mineral constraints sustains core inflation 1-1.5% above consensus
Global growth averages <2% due to fiscal limits in high-debt nations amid energy shocks
Oil demand peaks 2032 with fossil underinvestment creating short-term supply tightness
Renewables/storage deployment accelerates 67% despite policy fragmentation

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