Consumers expect to feel bite of rising energy prices; want to shift from fossil fuels: Survey

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 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.

The 30-country survey was conducted between February 18 and March 4 this year among 22,534 adults.