The World Braces for a Period of High Energy Prices
MIN READOct 1, 2021 | 21:15 GMT
Cars line up at a gas station in the U.K. village of Odiham amid fuel shortages on Sept. 30, 2021.
(ADRIAN DENNIS/AFP via Getty Images)
High global energy prices are likely to remain through the end of the Northern Hemisphere’s winter, which will undermine COVID-19 economic recoveries in energy-importing countries, hurting low-income population segments the hardest. The higher prices will also exacerbate the global manufacturing sector’s fragile recovery and ongoing supply chain challenges, while increasing pressure on governments’ energy transition plans....