Financial Services MyDifference Customer Support Safe & Secure Easy Returns Sign In / Register Delivery Address 0 ENERGY & CLIMATE CHANGE We’re committed to playing our part in ensuring that the Woolies business is resilient in the face of climate change, while always making every effort to reduce o…

The 1979 oil crisis, sometimes referred to as the second oil crisis (in reference to the 1973 oil crisis), refers to the drop in oil production in the aftermath of the Iranian Revolution that led to an energy crisis in 1979. Although the global oil supply only decreased by approximately four percent, the oil markets'…

Electricity pricing (also referred to as electricity tariffs or the price of electricity) can vary widely by country or by locality within a country. Electricity prices are dependent on many factors, such as the price of power generation, government taxes or subsidies, CO2 taxes, local weather patterns, transmission…

Carbon pricing (or CO2 pricing) is a method for governments to mitigate climate change, in which a monetary cost is applied to greenhouse gas emissions. This is done to encourage polluters to reduce fossil fuel combustion, the main driver of climate change.

A multiunit auction is an auction in which several homogeneous items are sold. The units can be sold each at the same price (a uniform price auction) or at different prices (a discriminatory price auction).

A non-renewable resource (also called a finite resource) is a natural resource that cannot be readily replaced by natural means at a pace quick enough to keep up with consumption. An example is carbon-based fossil fuels.

World food prices increased dramatically in 2007 and the first and second quarter of 2008, creating a global crisis and causing political and economic instability and social unrest in both poor and developed nations. Although the media spotlight focused on the riots that ensued in the face of high prices, the ongoing…

Carbon pricing in Canada is implemented either as a regulatory fee or as a tax levied on the carbon content of fuels at the provincial, territorial, or federal level. Provinces and territories of Canada are allowed to create their own systems of carbon pricing as long as they comply with the minimum requirements set…

During 2022 and 2023 there were food crises in several regions as indicated by rising food prices. In 2022, the world experienced significant food price inflation along with major food shortages in several regions.

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