Today at a Glance:
- China’s energy crisis is best understood through the simple, Econ 101 lens of supply and demand, with a particular focus on the coal market.
- Demand-side drivers primarily include a booming recovery from COVID-19 lows and a hotter-than-normal year that increased residential power usage.
- Supply-side drivers include coal shortages, import restrictions, utility price fixing, and CCP emissions targets.
- Net-net, we have demand up and supply down, leading to widespread shortages, rising costs, and a ripple effect that extends across the globe—the stage is set for what could be a long, cold winter.
More here – The Curiosity Chronicle
