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By Ramu Damodaran
The author is Senior Fellow at the New Delhi-based Centre for Social and Economic Progress (CSEP).
NEW YORK (IDN) — I was in Athens three years ago this week, on what was to be my last trip outside New York, where I am based, before the pandemic; I have not travelled after that. My journey was to attend the International Conference on Energy and Climate Change, which the Energy and Policy Centre (KEPA) at the National and Kapodistrian University had organized.
By Jamshed Baruah
GENEVA (IDN) — The UN Secretary-General’s Global Crisis Response Group (GCRG) on Food, Energy and Finance points out that skyrocketing energy prices are compounding an existential cost-of-living crisis for hundreds of millions of people. In fact, as the war in Ukraine continues to rage, the rising energy costs may cost many developing countries, especially the most vulnerable communities, from energy markets.
Despite this alarming situation, major oil and gas companies recently reported record profits, which Secretary-General António Guterres, who launched the brief on August 3, called “immoral.”
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