Trucks loaded with coal are seen at the Jharia coalfield in India’s Jharkhand state. Coal accounted for 70 per cent of India’s electricity generation in 2020. Photo: AFP
Trucks loaded with coal are seen at the Jharia coalfield in India’s Jharkhand state. Coal accounted for 70 per cent of India’s electricity generation in 2020. Photo: AFP

Rising coal, natural gas prices to fuel inflation across the globe and hasten transition to renewable energy, CME says

  • Inflation in the US, which has been above 5 per cent for four straight months, could soon become a global phenomenon, CME economist Erik Norland says
  • Surging energy costs will have a cascading effect on electricity prices and consequently manufacturing costs in Asia

Topic |   Business of climate change
Trucks loaded with coal are seen at the Jharia coalfield in India’s Jharkhand state. Coal accounted for 70 per cent of India’s electricity generation in 2020. Photo: AFP
Trucks loaded with coal are seen at the Jharia coalfield in India’s Jharkhand state. Coal accounted for 70 per cent of India’s electricity generation in 2020. Photo: AFP
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