Soaring fuel bills may push 141m more into extreme poverty globally – study
(The Guardian, 16 Feb 2023) Researchers say Russia’s invasion of Ukraine has driven up household energy costs by between 62.6% and 112.9%.
Soaring energy prices triggered by the Russia-Ukraine conflict could push up to 141 million more people around the globe into extreme poverty, a study has found.
The cost of energy for households globally could have increased by between 62.6% and 112.9% since Russia’s invasion of Ukraine, according to a modelling study by an international group of scientists published in Nature Energy.
The study modelled the impact of higher energy prices on the spending of 201 groups, representing different expenditure levels, in 116 countries, covering 87.4% of the global population.
Despite efforts by governments to insulate consumers from the price rises, researchers estimated that overall household expenditure rose by between 2.7% and 4.8%.
The Guardian, 16 Feb 2023: Soaring fuel bills may push 141m more into extreme poverty globally – study