The Price of Energy Insecurity
Speeding up the shift to renewables can blunt the costs
Climate change is an environmental issue. It’s also clearly an economic issue, and at the heart of the economics of climate change is energy security.
The ripple effects of climate change and the impacts of energy security washed across the global economy throughout 2022, leaving few safe harbors from the climate-related economic storm that’s still brewing.
In China’s Sichuan province, power shortages due to the worst heat in six decades forced manufacturers to close factories that produce everything from aircraft parts to electronics, including semiconductors, solar panels, and batteries.
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Πηγή: imf.org
