Climate Changed
Global Power Crunch Hit at Least 350 Million People With Outages Last Year
- Extreme weather, energy transition disrupts supply: IHS Markit
- Regions with previously reliable power are now being impacted
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At least 350 million people were impacted by power outages last year as extreme weather and the shift to cleaner energy sources saw more markets hit by supply disruptions, IHS Markit said in report.
More than 4% of the world population were affected as regions with previously reliable power supply, such as Texas and China, suffered blackouts and rationing. Climate change is bringing more extreme weather, while an “inherently bumpy” transition to greener energies is compounding long-standing problems of under-investment in grids and plants, the report said.