Energy prices are causing chaos in Asia. The rest of the world should be worried - News Summed Up

Energy prices are causing chaos in Asia. The rest of the world should be worried


in a bid to bring prices down, ease pressure on the energy supply chain and prevent blackouts. Having suffered through widespread outages amid record temperatures, the world's third-largest carbon emitter announced on May 28 that state-run Coal India will import coal for the first time since 2015. "Energy demand has rebounded quite quickly from the coronavirus and more quickly than supply," said Samantha Gross, director of the Brookings Institute's Energy Security and Climate Initiative. "So we saw high prices even before Russia's invasion of Ukraine (but then there was) really a shock to energy supply. Various actions taken in response to that are really a challenge for energy supply globally."


Source: CNN June 26, 2022 01:26 UTC



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