What started as a sharp post-pandemic rise in energy prices in mid-2020 has turned into a full-blown global energy crisis. How is this affecting the political stability of countries?
17 January 2023 – by Heba Hashem
Last updated on 24 January 2023
The world is going through a global energy crisis. Fuel costs affect many parts of daily life, including energy for heating and lighting, individual travel and commodities transportation.
The world is now facing a cost-of-living catastrophe. Millions of households are struggling to cover basic needs after energy prices spiked to levels not seen in decades.
Is There a Global Energy Crisis Today in 2023?
Actually, there is a global energy crisis. From Indonesia to the UK and Peru, people across the globe have taken their anger to the streets. As many as 92 countries witnessed protests against high fuel prices between January and September 2022. These include developed European countries like France, Spain and the UK.
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