Crude oil prices have surged dramatically in recent weeks, partly fuelled by a boom in economic activity as countries bounce back from the pandemic. Photo: AFP
Asia braces for fallout as China and Europe face energy crunch
- Businesses and consumers are grappling with the higher costs of utilities, petrol, and raw materials
- Coal is being mooted as a short-term option, but analysts say falling back on it will threaten the region’s climate goals
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