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Energy crisis should force Europe and China to rethink green agendas

Gas, power shortages point to serious flaws in transition policies

| China
China is facing a severe scarcity of coal.   © Reuters

Vandana Hari is founder of Singapore-based Vanda Insights, which tracks energy markets.

The last thing the world economy needed as it struggled to regain momentum after the COVID delta variant wave was a widespread energy crisis fanning the flames of inflation, dealing a blow to manufacturers already hamstrung by supply chain snarls, and jeopardizing the ability of central banks to sustain monetary stimulus.

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