Supply chain disruption

Economic factors
Describe the effect of global supply chain disruptions on energy markets.

Hint

Answer

Global supply chain disruptions can lead to delays or shortages in energy resources or critical components for energy systems, like wind turbine blades or solar panels. This can increase costs and delay project timelines, affecting the supply and pricing in energy markets. It underscores the importance of supply chain resilience and diversification in the energy sector. Another examples is when due to a war or technical problems, oil can't be shipped from A to B. This will lead to a supply problem, resulting in higher oil prices.