South China Morning Post (October 18)
2021/ 10/ 18 by jd in Global News
Coal prices have “more than tripled in a year to near historical highs” and look poised to keep climbing, driven by a coal shortage that could threaten the global economic recovery. “Blackouts could spread from China and India to all the emerging economies still mostly reliant on coal. As supply can’t be ramped up in the near term, the shortages could worsen as energy demand rises with winter’s arrival. That may trigger another emerging-market crisis.”
Tags: Blackouts, China, Coal, Demand, Economic recovery, Emerging-market crisis, Energy, India, Prices, Reliant, Shortage, Supply, Threaten, Tripled, Winter
