Why is there a sudden shortage of energy all over the world ?

    22-Oct-2021
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Vijay Garg
 Almost the entire world is currently facing an energy crisis.  Lack of natural gas or coal has made meeting energy needs a challenge.
 In India too, there is talk of a shortage of coal in many power plants.  The State Governments have expressed concern over this and many power plants are facing coal shortage. Similarly, the supply of natural gas is becoming a major challenge.  On the one hand, there is not enough supply, on the other hand, demand is increasing and prices have gone up.
Problems of European countries
European countries are currently facing a major natural gas crisis. These countries rely heavily on renewable energy, natural gas and nuclear energy for their energy needs.  The largest part of this is natural gas. Natural gas prices continue to rise, which must be borne by consumers
But at present the supply of natural gas in European countries is not in line with the demand. The demand is set to grow further in the winter, which could hit most the middle and low-income groups. Last month, nine companies operating in the sector closed, unable to cope with rising costs due to rising prices.
At the same time, there is talk of lifting the price limit to prevent companies from closing down due to losses.
Power plants in Germany have also shut down and are facing an energy crisis.  Natural gas prices have risen in the United States. The energy needs of a country are met not only in the present but also in the future.
But now all of a sudden the whole world is facing an energy crisis.  Production is low and prices are rising. Experts do not blame a single cause, but a combination of factors. Experts attribute this to the increasing demand for products and services in normal life after the Corona epidemic, climate change and the decline in coal production.
Economies came to a standstill during the Corona epidemic.  Both demand and production were low. The state of economies was deteriorating.  (To be contd)