July 20, 2022--Written by John Egan for Industrial Info Resources (Sugar Land, Texas)--The abominable human cost of Russia's invasion of Ukraine this past February has been, and continues to be, well documented by the news media and humanitarian organizations. A new report from the International Energy Agency (IEA) (Paris, France) shows how that war has led to a catastrophic vicious cycle in global energy and electricity markets. The IEA's new <I>Electricity Market Report</i>, released July 20, projected that global and regional economic growth will be significantly depressed this year and next, coming off a robust 2021 as the world largely emerged from the economic ravages of the COVID-19 pandemic.
