Make a Living ClubMake a Living Club
  • Home
  • News
  • Business
  • Finance
  • Investing
  • Markets
    • Stocks
    • Commodities
    • Crypto
    • Forex
  • More
    • Economy
    • Politics
    • Real Estate
Trending Now

Invesco Charter Fund Q3 2025 Portfolio Positioning And Performance Highlights

December 14, 2025

At least 11 people killed in terror attack on Jewish festival at Sydney’s Bondi Beach

December 14, 2025

Wall Street Roundup: Market Reacts To Earnings

December 12, 2025

Bear Market? Prepare Now With These 5 Best Stocks

December 11, 2025

TWFG: A Growing Insurance ‘Middle Man’ (NASDAQ:TWFG)

December 10, 2025

Trump’s immigration data dragnet

December 10, 2025
Facebook Twitter Instagram
  • Privacy
  • Terms
  • Press
  • Advertise
  • Contact
Facebook Twitter Instagram
Make a Living ClubMake a Living Club
  • Home
  • News
  • Business
  • Finance
  • Investing
  • Markets
    • Stocks
    • Commodities
    • Crypto
    • Forex
  • More
    • Economy
    • Politics
    • Real Estate
Sign Up for News & Alerts
Make a Living ClubMake a Living Club
Home » Southern Europe braces for climate change-fuelled summer of drought
Economy

Southern Europe braces for climate change-fuelled summer of drought

Press RoomBy Press RoomMay 17, 2023
Facebook Twitter Pinterest LinkedIn WhatsApp Email

By Kate Abnett

BRUSSELS (Reuters) -Southern Europe is bracing for a summer of ferocious drought, with some regions already suffering water shortages and farmers expecting their worst yields in decades.

As climate change makes the region hotter and drier, years of consecutive drought have depleted groundwater reserves. Soils have become bone dry in Spain and southern France. Low river and reservoir levels are threatening this summer’s hydropower production.

With temperatures climbing into summertime, scientists warn Europe is on track for another brutal summer, after suffering its hottest on record last year – which fuelled a drought European Union researchers said was the worst in at least 500 years.

So far this year, the situation is most severe in Spain.

“The situation of drought is going to worsen this summer,” said Jorge Olcina, professor of geographic analysis at the University of Alicante, Spain.

There’s little chance at this point of rainfall resolving the underlying drought, either. “At this time of the year, the only thing we can have are punctual and local storms, which are not going to solve the rainfall deficit,” Olcina said.

Seeking emergency EU assistance, Spain’s Agriculture Minister Luis Planas warned that “the situation resulting from this drought is of such magnitude that its consequences cannot be tackled with national funds alone,” according to an April 24 letter sent to the European Commission (EC) and seen by Reuters.

CLIMATE CHANGE TREND

Southern Europe is not alone in suffering severe water shortages this year. The Horn of Africa is enduring its worst drought in decades, while a historic drought in Argentina has hammered soy and corn crops.

More frequent and severe drought in the Mediterranean region – where the average temperature is now 1.5C higher than 150 years ago – is in line with how scientists have forecast climate change will impact the region.

“In terms of the climate change signal, it very much fits with what we’re expecting,” said Hayley Fowler, Professor of Climate Change Impacts at Newcastle University.

Despite these long-held forecasts, preparation is lagging. Many farming regions have yet to adopt water-saving methods like precision irrigation or switch to more drought-hardy crops, such as sunflowers.

“Governments are late. Companies are late,” said Robert Vautard, a climate scientist and director of France’s Pierre-Simon Laplace Institute. “Some companies are not even thinking of changing the model of their consumption, they are just trying to find some miraculous technologies that would bring water.”

France is emerging from its driest winter since 1959, with drought “crisis” alerts already activated in four departmental prefects, restricting non-priority water withdrawals – including for agriculture, according to government website Propluvia.

Portugal, too, is experiencing an early arrival of drought. Some 90% of the mainland is suffering from drought, with severe drought affecting one-fifth of the country – nearly five times the area reported a year earlier.

In Spain, which saw less than half its average rainfall through April this year, thousands of people are relying on truck deliveries for drinking water, while regions including Catalonia have imposed water restrictions.

Some farmers have already reported crop losses as high as 80%, with cereals and oilseeds among those affected, farming groups have said.

“This is the worst loss of harvest for decades,” Pekka Pesonen, who heads the European farming group Copa-Cogeca, said of Spain. “It’s worse than last year’s situation.”

Spain is responsible for half of the EU’s production of olives and one third of its fruit, according to the Commission.

With its reservoirs at on average 50% of capacity, the country last week earmarked more than 2 billion euros ($2.20 billion) in emergency response funding. It is still awaiting a reply from the Commission on its request for a 450-million-euro crisis fund to be mobilized from the bloc’s farming subsidy budget.

The Commission said it was monitoring the situation closely.

“Severe drought in Southern Europe is particularly worrying, not only for the farmers there but also because this can push up already very high consumer prices if the EU production is significantly lower,” Commission spokesperson Miriam Garcia Ferrer said.

Similar struggles could emerge in Italy, where up to 80% of the country’s water supply goes toward agriculture. With this year’s thin mountain snow cover and low soil moisture, Italian farmers are planning to cut back – sowing summer crops across an area 6% smaller than last year’s planting area, according to national data on sowing intentions.

After two years of water scarcity, parts of northern Italy entered May with a 70% deficit in snow water reserves and a 40% deficit of soil moisture, said Luca Brocca, a Director of Research at Italy’s National Research Council.

With the ground so parched, rain when it does arrive fails to soak in, with devastating consequences. Authorities in Italy on Wednesday said at least three people had been killed in floods in Italy’s Emilia Romagna region, where the rains were expected to continue for several hours.

($1 = 0.9084 euros)

Read the full article here

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Articles

Treasury’s Yellen says funding bill allows lending of $21 billion to IMF trust By Reuters

Economy April 25, 2024

Pro-EU ex-minister beats Slovak PM Fico’s ally to set up run-off presidential vote By Reuters

Economy April 24, 2024

President Biden signs $1.2 trillion US spending bill By Reuters

Economy April 23, 2024

China plans new rules on market access, data flows Premier Li tells global CEOs By Reuters

Economy April 22, 2024

China could grow faster with pro-market reforms, IMF managing director says By Reuters

Economy April 21, 2024

China told it faces ‘fork in the road’ as officials meet CEOs By Reuters

Economy April 20, 2024
Add A Comment

Leave A Reply Cancel Reply

Latest News

At least 11 people killed in terror attack on Jewish festival at Sydney’s Bondi Beach

December 14, 2025

Wall Street Roundup: Market Reacts To Earnings

December 12, 2025

Bear Market? Prepare Now With These 5 Best Stocks

December 11, 2025

TWFG: A Growing Insurance ‘Middle Man’ (NASDAQ:TWFG)

December 10, 2025

Trump’s immigration data dragnet

December 10, 2025
Trending Now

Shinhan Financial: Watch Out For Positive Surprises (NYSE:SHG)

December 9, 2025

Asante Gold: Growth In Medium-Sized Gold Production, But With Relevant Risk

December 8, 2025

The power crunch threatening America’s AI ambitions

December 8, 2025

Subscribe to Updates

Get the latest sports news from SportsSite about soccer, football and tennis.

Make a Living is your one-stop news website for the latest personal finance, investing and markets news and updates, follow us now to get the news that matters to you.

We're social. Connect with us:

Facebook Twitter Instagram YouTube LinkedIn
Topics
  • Business
  • Economy
  • Finance
  • Investing
  • Markets
Quick Links
  • Cookie Policy
  • Advertise with us
  • Get in touch
  • Submit News
  • Newsletter

Subscribe to Updates

Get the latest finance, markets, and business news and updates directly to your inbox.

2025 © Make a Living Club. All Rights Reserved.
  • Privacy Policy
  • Terms of use
  • Press Release
  • Advertise
  • Contact

Type above and press Enter to search. Press Esc to cancel.