Soaring energy costs could push 141 million into extreme poverty, report says | CNN Business

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The energy crisis triggered by Russia’s war in Ukraine could push 141 million people worldwide into extreme poverty, according to a new report published in the journal Nature Energy

The energy crisis triggered by Russia’s war in Ukraine could push 141 million people worldwide into extreme poverty, according to a new report published Thursday in the journal Nature Energy. Researchers from the Netherlands, the United Kingdom, China and the United States modeled the impacts of increased energy prices in 116 countries and found household spending increased up to 4.

And consumer goods companies say prices are unlikely to fall any time soon. On Thursday, the CEO of Nestlé, the world’s largest food group, echoed other consumer giants like Unilever and Proctor & Gamble to warn that the price of staple items will rise further this year.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

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Well my take on this is to stop pouring gas on the war, instead on the supply chain. Pointing fingers would help no one.

Democrats have not only ruin the United States economy,World economy also is crumbling also.

Should we make Russia great again?

The energy crisis was triggered by joe biden radical green energy policies

🤥🤥🤥🤡🤡🤡

Just give them child tax credits. It caused millions to get out of poverty in the USA

Cutting production lock downs creating a war .When will the trial for treason be.

Was the report about future prices? Because nat gas is below the invasion price & gasoline is dead even. So will lower nat gas prices lift people out of poverty?

Triggered by Russia. Lol

It's about time!

You are all liars. Biden and cronies cancelled drilling on fed lands and cancelled Keystone intentionally to raise gas prices. THEY SAID THIS. It was NOT Russia. Democrats are pushing people into poverty. No one else.

The 31 trillion dollar American debt has pushed most Americans into poverty

You mean the U.S bombed the pipe but russia created the energy crisis

It was a problem prior to Russia's war, and you know it CNN. You just cannot force yourselves to handle or accept the truth. CNNlies

Remember, if you voted for Biden. This is directly your fault. 4 more years of Trump would've kept Putin in line.

Would it be better for those 141 million if the US produced more energy?

So provide Ukraine with all needed weapons and end this war quickly.

An energy crisis!?!?! OH NO!! I hope this crisis isn't the sort of thing that would be exacerbated by a pipeline being blown up in the middle of the ocean. Could you just imagine?

Now do green policies

Is it the war in Ukraine? Or is it the oil company's greed? They are still making increasing multimillion profits

Our American energy crisis was created by Joe Biden. We have all the energy we need here at home. Biden refuses to let us use it. What we do have, Biden is sending overseas.

Trump called this literally years ago 😂😂😂

Presidents day weekend is here..its a shame we dont have a President to celebrate this holiday

Maybe we should investigate the Nord Stream pipeline. It's odd that no countries seem interested in finding the terrorists who blew it up!

And still, Lula is the only one actually trying to end this war

141 million could be the population of Russia but it's unfortunately not.

BULLSHIT

The energy crisis is caused by the Biden policies. Provide incentives to drill and they will drill.......very simple.

Ummm its the extreme green energy policies of woke left that made us all poor. Not the war.

Hmmmmm I specifically remember a certain orange man warning countries like Germany to not trust Russia with it's energy and they laughed at him....now look...

Putin, you will not win

😥😡

The war on fossil fuels also moronic according to rational people over 30.

Triggerd by die usa! Please correct

How's a war in the Ukraine gonna start a energy crisis in the USA ? It's LIES to raise rates on everything and steal people's money

It’s a US war un Ukraine!

CrowdspeakAI majority

Time for USA and Great Britain to either send combat troops to fight fascists russia or return nukes back to Ukraine.

End the sanctions, problem solved 🤷🏻‍♀️

Why aren’t these EU governments subsidizing some of the costs of oil ?

.. but not energy company CEOs and shareholders.

Over reliance on fossil fuels. Lazy forward thinking, inability unwillingness to adapt to other energy sources. Buying energy from a dictatorship. It was bound to catch up with us in the end.

Biden blew up Nordstream!

The energy crisis was already going on for a year before Russia invaded Ukraine.

Thanks Biden!!

Energy companies announcing billions in profits 😡 profiteering off peoples misery !!!

Sanctions and the 'accidental' explosion of the North Stream caused the energy crisis, not the war. Don't turn tables.

Stop delivering weapons and the thing is over!

Since when is Joe Biden a Russian?

Isn’t the poverty of the people exactly What Western goverments wants? Poor people, easy to control!

Triggered by the west. See davos

Hey is No longer News, I hate to tell you this, but Vladimir Putin is dying. He’s dying. He just returned Ukrainian kids back to Ukraine. He has been returning soldiers captured back to Ukraine again his generals are killing themselves in Russia. Vladimir Putin’s is here.

… And in other news, we have made the largest investment in the climate in history by reducing the production of energy. I mean, it’s all Russia’s fault. There is nothing to see here move it along

So what about the lack of self sufficiency in the USA oil? This administration stopped pipelines, drill licenses, exploration. Your administration made this problem... Not to mention Russia would not of invaded Ukraine if Trump was POTUS.

The energy crisis triggered by the US detonating the Nordstream pipeline I think you mean. EU is fooked

But energy companies are posting record profits

Just got back from a grad reunion at friends house. All our teenagers were there. Every single teenager expressed their hatred of drugs and booze including vaping and pot. They admitted their addiction to gaming and talked about how they get worried about that. Awesome kids!!!!

lexhoogduin Bit of nonsense. There are no less energy sources, neither less energy trade possible. Its a glimpse due to sudden change of resources -mainly in europe- that peak looks to fades away.

Triggered by NATO proxy war in Ukraine to be precise.

What about US blowing up the Nordstream Pipeline? No mention of that I see… 🫣

Blame that shit on Ukraine for not wanting to negotiate with Russia. Now they will pay the price for it.

Global suffering is and has always been triggered by American Imperialism and Capitalism! America Owns Global suffering and Mess caused by American Wars of Imperialism.

The war has nothing to do with it fake news cnn

....and Oil companies i.e Shell, Total, ExxonMobil etc made supernormal profits, during the same period.

Only Western sanctions have driven up prices. Now we are buying the re-declared Russian gas and oil at inflated prices via detours.

Green policies have created a shortage of oil & gas, this shortage drove up the cost of energy to the point of creating energy poverty. Don’t let the gov get away with blaming the war in Ukraine for this, they are the ones that created this mess.

There Are Big Gasoline Reserves In Ukraine Buy The Gasoline Of Ukraine.Good Business Was Good Everywhere In The World...

Once again the world sits back and lets young men be genocided for a globalist agendas. I remember when people said “never again”

There are 22 oil producing countries in the Opec+ group (including Russia), who are involved in global energy. The West enjoys blaming Russia and the conflict for the energy crisis, but high inflation, endless sanctions, and a senseless oil price cap has added to the crisis.

Let the rest of the world be proactive this time around. Stop reliance on others to survive. Create your own energy from diversified availability on ground. Use the snow in winter time. To generate/sun/seaWaves/waist/wind/sun- many other alternatives like self sustain alternator

I hate being poor.

If reduced oil supply is a major factor and Biden killed domestic production, wouldn’t Biden also be to blame? A Biden/Putin partnership to launder money and impoverish the world. Brilliant

That’s what you want us to believe !! We got your number

Triggered by America's Nord stream explosion, Nato's blind and unilateral expansion and the West own interests I would say.

This is bad

The World is hurting because of the actions of one person. Unbelievable, the World lets this bully continue!

“The energy crisis triggered by Biden’s policies…”. There. Fixed it for you

The energy crisis is triggered by the hysterical measures of the western governments.

You shouldn't have been at war with Russia all these years

Very tiny proportion of the world's population

Oh this had nothing to do with Biden blowing up the pipeline, I guess climate change only counts when you want it too.

But but the sanctions work and let's isolate Russia and buy expensive US energy

And absolutely no one trying to mediate the situation. This war will drag on and escalate.

This is bad

Triggered by WOKE Democrats policies NOT Russia or Ukraine. You people are a bunch of frauds!

Government and political failures are being put at door steps of the Russia Ukraine war. This war started in 2014 and nobody cared, so what's the different now. US and NATO sanctions are creating havoc all around EU, US and world and not the war

It is not the war that is the reason, it is Biden's sanctions. Biden is putting 141 million people into extreme poverty.

Energy crisis my arse, these businesses will be announcing Billions in profit whilst people starve, freeze and die. You are part of the cover up, why are you not challenging these companies

The Russians are the friends of CNN. CNN is just another way of spelling Tass.

You spelled “ by Joe Biden” wrong.

You can't blame Russia for the damage caused by you climate cultists. The freezing poor are on your hands.

Republicans and their wars….🤢🤢🤮🤮🤮

Nice spin. War only fraction of cost per gallon

The sooner Russia is defeated in Ukraine, the better.

..nothing to do with blowing up the Nordstream pipeline...right. 'Bombshell report claims Navy divers carried out mission to kill Russia's gas stranglehold on Europe in audacious mission overseen by president '

No one trusts JoeBiden anymore. He has lied so much that even TheDemocrats are starting to doubt him.

Joe Biden and shitty democratic policy is the biggest threat to America

why did he start this war? what’s the deal?

Terribly written article. Poland relies 70% on coal to meet its energy demand - but if it is domestic coal the war should not impact cost. War is an excuse to raise prices. Rent is up too and no relation to gas or oil prices.

Why not stop it now.

Russia, Russia, Russia. How about 'triggered by Biden' Give credit where credit is due

The energy 'crisis' in Europe is due to the Biden Administration, not Russia invading Ukraine. If Biden had not attacked American oil and gas, we would have enough energy to satisfy European needs. Instead, he destroyed global energy stability.

No mention of US or NATO role in this war?

The energy crisis is entirely due to Russia/Ukraine? Extremist environmentalists attacking fossil fuels has nothing to do with it? Great reporting.

Biden blew up Nordstream.

Its beyond time for a negotiated settlement in Ukraine. Continues fighting will only result in a complete decimation of Ukraine and be an embarrassment to NATO nations.

This isnt putinswar … this is a potus proxy war… its time we stop lying to ourselves about whats really going on here. Stop with the narrative… its lame and undermining

No mean tweets are getting expensive.

So will these rising food prices and greedy corporate America, so let’s be realistic about who the real culprit is.

Make no mistake we are about to have an energy crisis of epic proportions.

Blame woke politicians in western countries who ignore the science and listen to autistic high school dropouts when it comes to energy policies

HEADLINE ERROR • The Energy Crisis Triggered By The Biden Administration. • Fixed it.

The energy crisis has not been triggered by the war, dear CNN, but even more so by the sanctions against Russia and the blow up of North Stream 2. But never mind.

PROPAGANDA!

Simple fix… make the US energy independent again. The POTUS can start allowing drilling wherever these domestic oil companies need to drill giving good paying jobs to AMERICANS!

You mean NATO's and the USA's war on the border of Russia.

The energy crisis is triggered my Biden…

Lol

but the media, like CNN and the republicans blamed Biden lol

The energy crisis was triggered by sanctions not from war.

But Zelensky will be fine.

As much money that's been given to Ukraine these folks could be millionaires.

So the US and UK didn’t do anything, just Russia huh? 😂

Someone getting rich on this war and we’re all know who’s. Hello weapon manufacturers

i think Norways offer of $billions of oil profit as a gift to ukraine to help rebuild, was a very honourable thing to do ....involving all of the norwegian peoples..this unique profit was caused by russian invasion of its neighbour...unity is everything..thanks norway

Go tell the Nato

All the regular holiday destinations for the Russians are very busy again.

What effect did the energy crisis created by Joe Biden have? USA was energy independent the day he took office and now after Biden’s attacks on US energy production that is no longer the case.

The price of eggs has tripled.

Soaring energy prices is because of sanctions and blowing up nord stream lol.

So funny who blew up the nord stream and imposed unilateral sanctions? Hypocrites

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