{"id":32484,"date":"2022-03-30T16:29:03","date_gmt":"2022-03-30T10:59:03","guid":{"rendered":"https:\/\/tradebrains.in\/features\/biz-wef-survey\/"},"modified":"2022-03-30T16:32:36","modified_gmt":"2022-03-30T11:02:36","slug":"biz-wef-survey","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/biz-wef-survey\/","title":{"rendered":"Consumers expect to feel bite of rising energy prices; want to shift from fossil fuels: Survey"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1187510837\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>New Delhi, Mar 30 (PTI) A majority of consumers worldwide expect their overall spending power to be significantly impacted by rising energy prices, while India tops the list where climate change policies have been cited as the main cause of the recent price rises, a global survey showed on Wednesday.<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-4077997284\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div>\n<p>The World Economic Forum-Ipsos survey also showed that an average of eight in ten want their country to shift away from fossil fuels in the next five years, while the ratio was above-average at almost 90 per cent in the case of Indian respondents.<\/p>\n<p>The 30-country survey was conducted between February 18 and March 4 this year among 22,534 adults.<\/p>\n<p>&#8220;A majority of consumers worldwide expect their overall spending power to be significantly impacted by further energy price increases, yet only 13 per cent of those surveyed globally blamed climate policies for rising prices, while 84 per cent of respondents stressed the importance of their own country&#8217;s shift to sustainable energy sources,&#8221; the WEF said.<\/p><div class=\"trade-content_5\" id=\"trade-2039880461\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div>\n<p>Survey respondents were asked to consider the energy they use for daily expenses &#8212; such as transportation, heating or cooling homes, cooking, powering appliances, etc &#8212; and assess how much energy price increases would affect their overall spending power.<\/p>\n<p>On average, more than half of consumers (55 per cent) across the 30 countries surveyed expect their overall spending power to be significantly impacted by energy price increases.<\/p>\n<p>However, expectations varied widely across countries. More than two-thirds of respondents in South Africa (77 per cent), Japan (69 per cent), and Turkey (69 per cent) said that price rises would affect them &#8220;a great deal or fair amount&#8221;, as opposed to just over one-third in Switzerland (37 per cent) and the Netherlands (37 per cent).<\/p>\n<p>Among Indian respondents, 63 per cent said they expect to feel the bite of the ongoing energy price spike.<\/p>\n<p>The most cited reasons on average were &#8220;volatility in the oil and gas markets&#8221; and &#8220;geopolitical tensions&#8221; (by 28 per cent and 25 per cent of respondents globally). \tAnother 18 per cent cited insufficient supply to meet increased demand, 16 per cent said they were not sure, and only 13 per cent blamed climate change policies \u2013 the least cited reason on average.<\/p>\n<p>The countries most likely to cite climate change policies as the cause of the recent price rises were India (24 per cent), Germany (20 per cent) and Poland (19 per cent).<\/p><div class=\"trade-content-10\" id=\"trade-522727124\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_3_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"2969612066\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div>\n<p>However, climate policies were not the top-most reason for any country. For Indian respondents, insufficient supply was the biggest reason, followed by climate change policies, oil and gas market volatility and geopolitical tensions.<\/p>\n<p>Respondents were also asked how important it was to them that their country shifts away from fossil fuels to more climate-friendly and sustainable energy sources in the next five years.<\/p>\n<p>On average, more than four in five of those surveyed globally (84 per cent) said it was important to them. Vast majorities said so in every country surveyed &#8212; from 72 per cent in Russia (the lowest globally) and 75 per cent in the United States to 89 per cent in India and 93 per cent in South Africa and Peru. Citizens of emerging countries were especially adamant about it.<\/p>\n<p>Globally, the level of importance granted to shifting away from fossil fuels was also very high across all demographic groups surveyed. Although support was strong among all demographic groups, slightly more women (87 per cent) thought it was important to move away from fossil fuels than men (81 per cent). PTI BJ  BJ BAL BAL<\/p>\n<div class=\"trade-after-content\" id=\"trade-1872200619\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>New Delhi, Mar 30 (PTI) A majority of consumers worldwide expect their overall spending power to be significantly impacted by rising energy prices, while India tops the list where climate change policies have been cited as the main cause of the recent price rises, a global survey showed on Wednesday. The World Economic Forum-Ipsos survey [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[1697,31],"tags":[],"class_list":["post-32484","post","type-post","status-publish","format-standard","hentry","category-economy","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Consumers expect to feel bite of rising energy prices; want to shift from fossil fuels: Survey - Trade Brains Features<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tradebrains.in\/features\/biz-wef-survey\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Consumers expect to feel bite of rising energy prices; want to shift from fossil fuels: Survey\" \/>\n<meta property=\"og:description\" content=\"New Delhi, Mar 30 (PTI) A majority of consumers worldwide expect their overall spending power to be significantly impacted by rising energy prices, while India tops the list where climate change policies have been cited as the main cause of the recent price rises, a global survey showed on Wednesday. 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