Global energy crisis forces an ‘undignified transition’

Russia’s assault on Ukraine and the sanctions that followed have sent shockwaves through the world energy market. Fuel and coal prices have soared and Moscow has threatened to sever vital natural gas supplies to Europe.

The crisis, which has hit in the midst of the global economy’s transition to renewables, has also forced some countries to fire up old coal plants, prompting concerns that the current energy crunch will set the world back in its pursuit of a greener future.

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