The price of electricity, gas and other fuels within CPI measurement is already 69.6% higher than a year ago.
The worldwide effort to limit global warming to only 1.5 degrees is heavily dependent on the speed at which China can reduce its emissions.
Oil prices have fallen by $10, which, however, did not mean a fall in petrol prices for motorists according to Rac, and supermarkets have been criticised.
Russia has already tried to leverage the current energy crisis to achieve a quick regulatory approval of the Nord Stream II.
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Germany has suspended certifying the Nord Stream 2 gas pipeline, which adds further pressure due to supply issues and geopolitical considerations.
Shell is planning to relocate its headquarters from the Netherlands to the UK in a move that is said to simplify and strengthen its operations.
Natural gas firm Gazprom has failed to increase supply to Europe, causing concern that Russia is exploiting the supply crisis.