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  • By The Financial District

Europe Scalded By Worst Drought In 500 Years

Europe is experiencing its worst drought in at least 500 years, with almost two-thirds of the continent in a state of alert or warning, according to a European Union (EU) agency based in Brussels.


Photo Insert: Summer crops have suffered, with 2022 yields of grain maize set to be 16 percent below the average of the previous five years and soybean and sunflower yields set to decrease by 15 percent and 12 percent, respectively.



In its August analytical report, the European Drought Observatory (EDO) said that some 47 percent of Europe is under warning conditions due to a severe lack of soil moisture, reported Xinhua news agency. Another 17 percent of countries are in alert conditions.


"The severe drought affecting many regions of Europe since the beginning of the year has been further expanding and worsening as of early August," the report said, adding that the western Europe-Mediterranean region is likely to experience warmer and drier than usual conditions until November.



The drought has disrupted inland shipping and electricity production, and reduced the yields of certain crops, it said.


The current drought appears to be the worst in at least 500 years, assuming final data at the end of the season confirm the preliminary assessment, the European Commission said in a statement.


All the news: Business man in suit and tie smiling and reading a newspaper near the financial district.

Summer crops have suffered, with 2022 yields of grain maize set to be 16 percent below the average of the previous five years and soybean and sunflower yields set to decrease by 15 percent and 12 percent, respectively.


Hydropower generation has also suffered a hit, with further impact on other power producers due to a shortage of water to feed cooling systems.


Market & economy: Market economist in suit and tie reading reports and analysing charts in the office located in the financial district.

Low water levels have hampered inland shipping along the river Rhine and elsewhere, with reduced shipping loads affecting coal and oil transport.


Mariya Gabriel, European commissioner for innovation, research, culture, education, and youth, said: "The combination of a severe drought and heat waves has created unprecedented stress on water levels in the entire EU. We are currently noticing a wildfire season sensibly above the average and an important impact on crop production. Climate change is undoubtedly more noticeable every year."



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