Source: Fortune.com
Summary
Germany’s transport minister, Steffen Bilger, is monitoring fuel-price spikes triggered by low water levels due to intense heat this summer. Bilger opposes a fuel rebate, citing it as “no longer possible and no longer affordable.” The government is discussing options as the effect of critically low river levels reverberates, including higher prices. Europe is contending with another heat wave, threatening crops and disrupting river navigation and power production.
Our Reading
The numbers tell one story.
Fuel prices are spiking in some regions of Germany due to low water levels. The government is discussing options, but transport minister Steffen Bilger opposes a fuel rebate. Climate change is increasing the frequency and intensity of extreme heat in Europe, straining power grids and sapping water supplies. The situation remains worrying, prompting Bilger to call a crisis meeting last week. The government is taking action, including lifting state driving restrictions on public holidays.
The price of drought is being calculated.
Author: Evan Null
