Energy Crisis
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Blackout pandemic: Why South Africa is facing an energy crisis
Fp Explainers •The problem is the state energy firm Eskom simply can’t keep pace with demand. Compulsory maintenance, the breakdown of generating units at its ageing power stations, and years of corruption have been blamed for Eskom’s failure
German economy unexpectedly shrinks due to fallout from Ukraine war
•Russia's invasion of Ukraine, and subsequent move to slash crucial gas supplies, triggered an energy crisis in industrial powerhouse Germany and sent food and energy costs soaring
Explained: Why Cyril Ramaphosa cancelled his trip to the World Economic Forum in Davos
•Public outrage over South Africa's electricity crisis has compelled President Cyril Ramaphosa to convene emergency meetings at home to address the country's worsening power outages
Explained: The World Economic Forum has warned the world of a polycrisis in 2023. What is it?
Fp Explainers •The World Economic Forum in its ‘Global Risks Report 2023’ warned that the world could see a polycrisis emerging from the Russia-Ukraine war. The term is when multiple crises take place across global systems and get entangled in ways that significantly degrade humanity’s prospects
European Union's gas price cap will be of limited use, say experts
•The European price cap will be triggered if two conditions are met: If the benchmark price rises above 180 euros per megawatt hour over three consecutive days, and if it exceeds a reference price for liquefied natural gas (LNG) prices by at least 35 euros
Ukraine works to restore power after Russian missiles batter grid
•The volley of missiles unleashed Friday came as President Vladimir Putin held extensive meetings with the military top brass overseeing Russia's invasion of Ukraine, where Moscow has stepped up bombardments
Sober or bright? Europe faces holidays during energy crunch
•From Paris to London, city officials are limiting hours of holiday illumination, and many have switched to more energy-efficient LED lights or renewable energy sources
Next winter will be more difficult than this winter: IEA boss predicts for Europe
•Fatih Birol, head of the International Energy Agency, said that Europe can pull through the upcoming winter with the energy reserves it has, but it would be hard to meet the energy demands the next winter as it plans to end Russian gas supplies completely next year
Warm biz: Why Japan's Tokyo is asking residents to wear turtlenecks
•Tokyo governor Yuriko Koike has encouraged residents to don turtleneck jumpers both to stay warm and as a way of reducing energy consumption. Like many countries, Japan has faced a squeeze on its energy supply since Russia's February invasion of Ukraine
PM Modi's 'today's era is not of war' message on Ukraine conflict resonates widely in Europe: German Envoy
Fp Staff •During a bilateral meeting on the sidelines of the SCO summit last month, PM Modi told Russian president Vladimir Putin that 'today's not an era of war'. Putin told Modi that Russia is aware of India’s concerns about the Ukraine conflict