Surging Energy Prices Could Push 141 Million People Into Extreme Poverty ...Middle East

The surge in energy prices over the past year could push another 141 million people globally into extreme poverty, due to the cost-of-living crisis, a new study showed this week. Total energy costs of households are set to jump by between 62.6% and 112.9%, contributing to a 2.7% to 4.8% increase in household expenditures, researchers said in the study published in the journal Nature Energy. “Under the cost-of-living pressures, an additional 78 million–141 million people will potentially be pushed into extreme poverty,” wrote the…

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