Category: climate pledge

China’s Power Crunch to Fuel Christmas Price Increase of Up to 15 Percent in US, Economist Warns

News Analysis More than half of China’s provinces have issued local power restrictions since September. The resulting widespread power outages and cuts under Beijing’s new energy policies will likely fuel global inflation by 0.5 to 1 percent, and drive a price increase of 10 to 15 percent in the United States over the Christmas season on…


China’s Power Crunch Could Fuel Christmas Price Increase of Up to 15 Percent in US, Economist Warns

News Analysis More than half of China’s provinces have issued local power restrictions since September. The resulting widespread power outages and cuts under Beijing’s new energy policies will likely fuel global inflation by 0.5 to 1 percent, and drive a price increase of 10 to 15 percent in the United States over the Christmas season on…