A global energy crisis casts shadow on crucial climate summit

In China, authorities have mandated the rationing of the power supply throughout several of the country’s provinces. Economic forecasters warn that the subsequent loss of industrial output may have an impact that ripples through a global economy already snarled by supply chain issues. “China’s power shortages have global implications,” Ting Lu, chief China economist at global financial services group Nomura, told the Financial Times. “Global markets will feel the pinch of a shortage of supply from textiles, toys to machine parts … [and] very likely result in a shortage of goods for Thanksgiving and Christmas.”