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Climate and Inflation: When Weather Hits the Economy

Inflation is often described as a monetary phenomenon. Central banks adjust interest rates. Governments revise fiscal spending. Economists debate liquidity and supply chains. However,...
HomeNews & UpdatesCatalonia Declares Drought, Barcelona Under Water Restrictions as Reserves Hit 16%

Catalonia Declares Drought, Barcelona Under Water Restrictions as Reserves Hit 16%

After more than 1,000 days of drought, the Catalan government has formally announced a state of emergency, extending water restrictions to Barcelona and the surrounding region.

It is estimated that 500mm of rain will be needed in Catalonia to make up the deficit. Water reserves have fallen below 16%, low enough to trigger the emergency declaration.

Measures already in place in the north of the region, including a 20% reduction in agricultural irrigation and a ban on watering public parks, will be extended to Barcelona. Read more

News Credit: The Guardian

Picture Credit: Adri Salido/Getty Images