energy crisis

Libin mayor Anne Laffut said the village recently held an additional firewood sale for the first time in response to the energy crisis. “The demand was so great, people were calling and asking when they could buy wood, saying the regular…

While Ukraine has made advances on the battlefield with counter-offensives around Kharkiv and Kherson, Russia’s pivot to attacking Kyiv's infrastructure will make it harder to progress through the harsh winter, said observers. “So the…

European Union governments and lawmakers reached a deal Sunday on key elements of the 27-nation bloc’s green deal, reforming the EU’s trading system for greenhouse gas emissions and creating a new hardship fund for those hardest-hit…

The European Union has enough gas for the winter but could face a shortage next year if Russia cuts supplies further, the International Energy Agency (IEA) said on Monday, urging governments to act faster to save energy and expand…

PARIS: The energy crisis is fuelling an acceleration of the rollout of renewable power, raising hopes for efforts to meet ambitious targets against global warming, the International Energy Agency said on Tuesday (Dec 6). Total renewables…

The European Union tentatively agreed to a US$60-per-barrel price cap on Russian oil, a key step as Western sanctions aim to reorder the global oil market to prevent price spikes and starve President Vladimir Putin of funding for his…

The ongoing Russia-Ukraine war in Europe has entered its tenth month now. One of the biggest economic fallouts of the war has been a spike in global energy prices. As a country that imports more than 80% of its energy requirements, India,…

The global economic outlook is even gloomier than projected last month, the International Monetary Fund said on Sunday, citing a steady worsening in purchasing manager surveys in recent months. It blamed the darker outlook on tightening…

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PARIS: Ms Aurelie Ribay, who runs a bakery selling fresh bread and pastries at a street corner in northern Paris, has been feeling the heat from rising living costs in recent months.  Her electricity prices have already climbed 10 per cent…