Monday, May 16, 2011

Drought: Wacht am Rhein

Deutsche Bank via Clusterstock:
In our latest commodities special report ‘Weather and the Implications for European power markets and crop yields’, we highlight drought conditions in Europe, have caused low reservoir and river levels, Figure 2, leading to low hydropower production and increased costs for transport of fuels used in power production. We remain on watch for warm temperatures this summer, which could limit nuclear power production owing to cooling restrictions.