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Media Magelang - From China to the U.S, the world is facing an unexpected energy crisis, thanks to the increase in energy's demand for economic activities which has been severely hit by the COVID-19 pandemic.
The rise in energy's needs has led to skyrocketing coal and crude oil prices.
The spot price of coal in China's Shanxi province surged to 1,630 yuan per ton as of 15 October, prices from SteelHome stated.
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Here are three key points behind the global energy crisis:
The problem is about the energy's supply chain
CEO and founder of a clean energy company Mark Cann told Media Magelang that the global energy mess has nothing to do with production, adding that the main problem is linked with the supply chain.
"Well, the first thing is that there's no shortage of production, oil, gas and coal right now. Globally, the shortages are related to the supply chain of those commodities, not the production. There are some short term production issues, but for the most part, these basically supply chain issues," he told Media Magelang in a Skype interview on 13 October.
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