Power Trade Prospects

Availability of electricity makes possible many things. The now-affluent countries have relied on increasingly abundant electricity – most of which came from dirty fuels, with coal accounting for the biggest share – to power their industries and to eventually get rich. But in the process, they also released the planet-warming gases into the atmosphere, causing catastrophic climate change. A country rich in resource to generate and sell electricity enjoys diplomatic and economic clout in international stage. Take Qatar for example. A tiny nation which is one of the biggest exporters of natural gas and also one of the richest, the country's global clout is matched by only a few. The critical role of power got laid bare in the wake of Russia-Ukraine war. When Russia turned off its cheaply supplied natural gas to Europe, many countries there slipped into recession or teetered on the brink of recession.