Global supply of energy and raw materials at risk due to drought
From California to Germany and China, climate change-fueled heatwaves and droughts have shrunk the rivers that power giant hydroelectric power plants, notes Bloomberg @markets. Heatwaves and drought left China’s Three Gorges Dam — the world’s largest power plant — running at a fraction of capacity this summer. It can produce enough electricity to power the Philippines, according to Bloomberg, but in August its turbines were almost silent.
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