NUNZIUM

This summer EU, US, and China have been hit by scarcity of rainfalls and record high temperatures. Photographs from satellites show major rivers have been drying up considerably (see CNN): Colorado (US), Yangtze (China), Rhine (Germany), Po (Italy), Loire (France), Danube (Romania). Water rationing is already in place in some municipalities of Italy, while more than 100 municipalities in France are short of drinking water and need to receive shipments. In Germany boat transport has now a reduced capacity, impacting pricing and supply chain of essential materials (such as coal). Even in the Netherlands the government had to introduce restrictive measures for agriculture. Analogous measures are in place in south China to guarantee the autumn harvest. Climate change and unsustainable water management are leaving lakes dried up all over the Middle East and beyond, but the Israeli government is hopeful it has a solution: it plans to pump water from the Mediterranean sea. Israel, already a water-insecure nation since decades, has learned to treat sea water at scale to produce drinking water. This strategy has issues - one above all it is energy intensive - but it may be the best future option for many if the weather conditions of the past few months become the standard in the future. Since desalinization takes energy, it is even more important now to improve sustainable energy production. Experts’ analysis of the consequences on the economy are not bright: on one hand the current conflicts exacerbate the energy pricing, at the same time the supply chain is negatively impacted and slows down operations.