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My Take | Know your energy mix (it’s what will keep you warm this winter)
- Hong Kong will be spared from the global energy crunch, thanks to an old-fashioned, politically incorrect and not very green energy policy and fuel mix
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In China, 20 out of 31 provincial jurisdictions have had to ration electricity. Coal inventories are at their lowest in four years. Widespread household power cuts and factory stoppages have been reported. Some traffic lights in Shenyang, the capital of the Liaoning province, have reportedly been shut down.
In Britain, there has been panic buying at petrol stations and supermarkets. Surging energy prices have forced households to cut down on power consumption. Food shortages threaten, and long queues of people are seen waiting outside hospital emergency wards.
Across Europe, countries have reported running low on natural gas to heat homes and power factories as many are phasing out coal.
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Thanks to the economic recovery from the Covid-19 pandemic, rising demand for gas has depleted stocks, which are not being refilled ahead of winter.
The energy crunch is spreading across the globe. Not to Hong Kong, though.
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Here, whatever you say about the city, its power supply is safe and reliable as ever, indeed one of the most dependable of any developed economy.
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