Anders Åslund writes for the Atlantic Council

The world is currently experiencing its greatest energy crisis since the 1970s. Free World Forum’s Senior Fellow Anders Åslund argues in an article for the Atlantic Council that the US and the EU must react.

The current energy impasse started in China. After Australia demanded that China carry out a proper investigation into the origins of Covid-19 in Wuhan, China prohibited imports of coal from Australia. Environmentally, it might have been a good idea to transit from coal to natural gas, but as China, as well as Japan and South Korea imported plenty of liquefied natural gas (LNG), the market price multiplied.

Read the whole article here.