Fossil fuels, encompassing coal, oil, and gas, play a significant role in triggering the current cost-of-living crisis. This escalating quandary, driven by the escalating cost of these non-renewable energy sources, is putting a severe strain on billions of households globally. From alarming utility costs to the copious expenses of daily commutes, the impact of fossil fuels is seen in most aspects of modern living, stretching household budgets to their breaking point.
1. Fossil fuels, including coal, oil, and gas, are a major contributor to the ongoing cost-of-living crisis, affecting billions of households worldwide.
2. The costs of these non-renewable energy sources are escalating, leading to a significant increase in utility costs and daily commuting expenses.
3. The high cost of fossil fuels is having a severe impact on most aspects of modern living, stretching household budgets to breaking point.
4. Not just environmentally harmful, these energy sources are becoming more expensive due to depleting reserves and geopolitical tensions.
5. The current crisis highlights the urgent need for large scale changes in energy production and consumption, encouraging many to seek more sustainable and affordable alternatives, a transition that's not always straightforward or accessible to everyone.
In 2021, global energy prices spiked by approximately 60% due to increased demand for fossil fuels post-lockdowns and a slow recovery of production.
Breaking point. These non-renewable energy sources are not only environmentally harmful, but they are also increasingly expensive due to depleting reserves and geopolitical tensions. When you consider that energy costs account for a significant proportion of household expenses, it becomes clear how fossil fuels are directly impacting people's lives. This is driving many to seek out more sustainable, affordable alternatives, but the transition is not always straightforward or accessible to everyone. The current situation highlights the urgent need for broad scale changes in our energy production and consumption habits.