In recent weeks we have seen various energy crises play out globally across the world, causing blackouts, fuel shortages and shock to various supply chains. We have seen fuel shortages in the UK, energy price hikes across Europe, shortages of coal in India, electrical shortages and blackouts in China, and massive power-cuts and disastrous fuel shortages in Lebanon. A number of these issues have caused concern that energy problems could cause price spikes and downstream supply chain issues internationally, and possibly cause winter blackouts in other parts of the world in 2021, becoming a truly global energy shortage. Are these climate or COVID complications?
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