How does global warming affect energy prices?

How does global warming affect energy prices?

Global warming can lead to increased energy prices due to higher demand for cooling and heating, and disruptions in supply.

Can you explain how extreme weather events influence energy supply?

Extreme weather events, like hurricanes and heatwaves, can damage infrastructure and reduce energy production, leading to price spikes.

What about renewable energy sources? Do they help stabilize prices?

Yes, renewable energy can help stabilize prices by reducing dependence on fossil fuels, which are more volatile in price.

Are there any regions more affected by this than others?

Yes, regions prone to extreme weather or those heavily reliant on fossil fuels tend to be more affected by rising energy prices.

What can consumers do to mitigate these price increases?

Consumers can invest in energy-efficient appliances, consider renewable energy options, and reduce energy consumption to mitigate costs.