Blackout: The energy crisis looming over Europe and the rest of the world
A looming global energy crisis—triggered by the Russia Ukraine war—threatens to spiral out of control this winter as a sharp increase in tariffs and the pressure to meet climate goals fuel rising discontent in Europe and elsewhere
By: Madhu Kapparath
Lorenzo Pinamonte, owner of Hotel Nettuno, walks past electricity bills he has displayed in protest of the near-600 percent price hike in his last month’s electricity bill compared to the same period last year, in Brenzone Sul Garda, Italy, September 13, 2022. Increasing number of businesses in Italy are facing bankruptcy due to the rise in power costs.
