AGP Executive Report
Last update: 3 hours agoWater Security Watch: The Setúbal Peninsula is nearing the limits of its underground water supply, with a study warning demand is close to what the Tejo-Sado aquifer can sustainably replenish—raising alarms for future growth, including the planned new airport. Wildfire Aftermath: Spain’s Serranía de Ronda fire left severe losses, including near-total destruction of a 12-hectare estate and rare pinsapo firs—highlighting how climate-driven blazes keep reshaping Mediterranean landscapes. Heat & Cost Pressure: A new report puts Portugal’s 2025 extreme-weather losses at about 0.8% of GDP (around four times its historical average), while Europe’s 2026 heatwave bill is estimated at €113bn in lost output. Energy Subsidy Strain: A UNDP study warns fuel subsidies could top $1tn this year as oil nears $100 and El Niño intensifies, squeezing budgets and making relief harder to sustain. Climate Risk Context: UNDP flags the coming months as critical for governments using price caps, subsidies and tax rebates amid rising borrowing costs.
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