Researchers from the Netherlands, England, China and the US have prepared a new paper titled “The Burden of the Global Energy Price Crisis on Households”, which examines the direct and indirect effects of rising energy prices. energy in 201 spending groups in 116 countries.

In the article published in the scientific journal Nature Energy, it is stated that the Russia-Ukraine War triggered an energy crisis that directly affected household energy costs and indirectly increased the costs of other goods and services.

In the article, which stated that energy markets have tightened since the Covid-19 epidemic, it was noted that this situation worsened significantly after the Russia-Ukraine War that began on February 24, 2022 and contributed to the global energy crisis. .

HOUSEHOLD EXPENDITURE INCREASED AROUND 4.8 PERCENT

In the article, it was stated that global energy prices are rising due to several factors, such as the ongoing geopolitical conflict, the rapid global economic recovery after the epidemic, the continued reliance on fossil fuels, and the severe mismatch between the demand and supply of energy.

Noting that the crisis in question plunged some economies into recession, led to high inflation and created pressures on the cost of living in households around the world, the article states that total household energy costs increased by between a 62.6% and 112.9% and household spending increased 2.7 percent to 2.7 percent It was noted that it contributed to an increase of 4.8.

The article stated that the energy cost burden between groups of households varies due to differences in supply chain structure, consumption patterns and energy needs.

THE RISK CAUSED BY THE ENERGY SYSTEM DEPENDENT ON FOSSIL FUELS IS SIGNED

For poor households in low-income countries that are already experiencing severe energy poverty and food shortages, the increase in the cost of energy may pose an increased risk of energy poverty.

Noting that there are 19 countries with increases in the average cost of energy for households above the world average, 16 of them are upper middle and lower middle income countries.

In the article, it was stated that households in 3 high-income countries, such as Estonia, Poland and the Czech Republic, face increases in energy costs above the world average, which is mainly due to the country’s relatively high dependence on industrial energy intensive.

The article stated that many governments around the world took action against rising energy prices, stating that the global energy crisis should remind us that the energy system, which is highly dependent on fossil fuels, is increasing energy security risks and accelerates climate change. (AA)