Bloomberg A global squeeze on energy supply that’s triggered crippling shortages and sent power and fuel prices surging may get worse, according to the head of the International Energy Agency (IEA). “The world has never witnessed such a major energy crisis in terms of its depth and its complexity,” IEA Executive Director Fatih Birol said on Tuesday at a …

Bloomberg The UK’s next prime minister is likely to have a weaker commitment to achieving net-zero carbon emissions than Boris Johnson. The outgoing British leader made cutting emissions a priority and sought leadership on the global stage by hosting the COP26 summit in Glasgow in November. But in the middle of a cost-of-living crisis caused by rising fuel and food …

  Bloomberg Temasek Holdings Pte increased its internal carbon price to $50 a ton as the Singapore state-owned investor takes steps to meet a net zero target by 2050. The $287 billion fund lifted the internal price from $42 a ton, and plans to increase it further to $100 a ton by 2030, according to the investor’s annual report released …