By
Indu Tyagi Ketan, 28 September, 2022
The world is experiencing a severe energy shortage sending shockwaves from Europe to Asia. Natural gas, which heats our homes and powers industries, is in short supply. As the world recovers from the pandemic's losses, energy demand has significantly increased. It is due to the economic recovery that has been taking place.
Meanwhile, Europe is caught in a trap of its dependency on pipeline gas, meaning it cannot immediately abandon the energy trade with Russia and cut it off. The E.U. commission has drafted a plan to accelerate its energy transition and get off Russian gas but meeting new targets will impose costs in Europe and abroad. Seeing supply restrictions from the most significant energy providers globally has multiple effects. Onโฆ
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