Drought Caused 'Historic' Global Hydropower Drop in Early 2023

Water is released from the Three Gorges Dam, a hydropower project on the Yangtze river, in central China's Hubei province, in 2020. STR / AFP/File
Water is released from the Three Gorges Dam, a hydropower project on the Yangtze river, in central China's Hubei province, in 2020. STR / AFP/File
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Drought Caused 'Historic' Global Hydropower Drop in Early 2023

Water is released from the Three Gorges Dam, a hydropower project on the Yangtze river, in central China's Hubei province, in 2020. STR / AFP/File
Water is released from the Three Gorges Dam, a hydropower project on the Yangtze river, in central China's Hubei province, in 2020. STR / AFP/File

Dry conditions, particularly in China, caused a "historic" global drop in hydropower generation in the first half of 2023, a new analysis shows, highlighting the effects of climate change.

The research by renewable energy think tank Ember argues the drop is a "warning shot that hydro output could negatively affect the speed of the electricity transition".

The group said global hydropower generation fell 8.5 percent in the year to June, more than any full-year decline over the last two decades, AFP said.

Three-quarters of that decline was the result of falls in China, which baked through record temperatures earlier this year.

Between winter 2022 and spring 2023, most areas of southwest China experienced significantly less precipitation and higher temperatures than in a normal year, according to Beijing's ministry of emergency management.

The fall in hydropower output meant global carbon emissions rose very slightly in the first half of 2023, despite a 12-percent increase in solar and wind power worldwide.

Lower growth in electricity demand helped keep the rise in emissions smaller than it might otherwise have been, Ember said in the report released Thursday.

China, however, saw its emissions rise nearly eight percent as it compensated for the loss of hydropower.

But while the extreme heat and drought conditions that caused this year's decline may have been driven by climate change, the think tank warned it remains hard to calculate future effects.

The consequences of "climate change on hydro potential are geographically varied", the group noted.

"Changes in rainfall patterns and intensity as well as increased evaporation will affect hydro output both positively and negatively depending on the region."

Some parts of central Africa, India, central Asia and northern high latitudes could see their potential to generate hydropower increase.

But in southern Europe, the southern United States and elsewhere, it is likely to weaken.

The chief of this year's COP climate meeting has called for a global tripling of renewable energy capacity by 2030.

And the International Energy Agency last month projected fossil fuel demand will peak by 2030.

But wind and solar generation grew more slowly in the first half of this year than in the same period last year, reflecting the fragility of gains in the sector.

"While it is encouraging to see the remarkable growth of wind and solar energy, we can't ignore the stark reality of adverse hydro conditions intensified by climate change," said Malgorzata Wiatros-Motyka, Ember's senior electricity analyst.

"The world is teetering at the peak of power sector emissions, and we now need to unleash the momentum for a rapid decline in fossil fuels by securing a global agreement to triple renewables capacity this decade."



Mercedes 1955 ‘Streamliner’ Set to Smash F1 Record at Auction

Mechanics push a W196 old timer racing car at a Mercedes Benz vintage car show marking the German car maker's 125 anniversary at the former Tempelhof airport in Berlin, August 27, 2011. (Reuters)
Mechanics push a W196 old timer racing car at a Mercedes Benz vintage car show marking the German car maker's 125 anniversary at the former Tempelhof airport in Berlin, August 27, 2011. (Reuters)
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Mercedes 1955 ‘Streamliner’ Set to Smash F1 Record at Auction

Mechanics push a W196 old timer racing car at a Mercedes Benz vintage car show marking the German car maker's 125 anniversary at the former Tempelhof airport in Berlin, August 27, 2011. (Reuters)
Mechanics push a W196 old timer racing car at a Mercedes Benz vintage car show marking the German car maker's 125 anniversary at the former Tempelhof airport in Berlin, August 27, 2011. (Reuters)

A sleek, long-nosed Mercedes raced by Stirling Moss and five-times Formula One world champion Juan Manuel Fangio in 1955 could become the most expensive grand prix car of all time at an auction in Stuttgart on Saturday.

The W196 R Stromlinienwagen ("Streamline car"), one of only four complete examples in existence, is being sold by RM Sotheby's on behalf of the Indianapolis Motor Speedway (IMS) at a target price of more than 50 million euros ($52 million).

If it meets the estimate, it would also be the second costliest car ever sold at auction after a 1955 Mercedes 300SLR Uhlenhaut Coupe sportscar that changed hands for 135 million euros in May 2022.

The most expensive grand prix car sold at auction to date was another ex-Fangio 1954 Mercedes W196 that fetched $29.6 million at Goodwood in 2013.

The IMS car is the first streamline-bodied W196 R to become available for private ownership and, in its open-wheel form, was driven to victory by Fangio at the non-championship Buenos Aires Grand Prix in 1955.

Moss raced it with the streamline body at the Italian Grand Prix at Monza, retiring after setting the fastest lap at an average speed of 215.7 kph.

Mercedes withdrew from factory-sponsored motorsport in 1955 after a Le Mans 24 Hours disaster that killed 84 people, returning to Formula One as an engine maker in 1994.

The car is presented in its Monza livery with full documentation.

"Without any doubt, it's the most beautiful race car in the world and ever. Nothing can compare. It's simply a masterpiece of style and design," Marcus Breitschwerdt, head of Mercedes-Benz heritage, told Reuters Television.

"It is very fast. The top speed is actually above and beyond 300 kph.

"I wouldn't expect that it's too much of an effort to get it back to driving condition. And we gladly will offer whoever buys the car to do it for them."

The car, chassis number 00009/54, was donated to the IMS by Mercedes in 1965 and is being sold to raise funds for the museum's restoration efforts.

The Indianapolis museum, which is aiming to become more US-focused, is selling a total of 11 cars from its collection at three separate auctions this year.

The Mercedes "Silver Arrows" dominated the immediate pre- and post World War Two era of grand prix racing with the W196 R a world-beater in 1954 and 1955.

The streamlined bodywork with enclosed wheels was used at high-speed circuits, with the open-wheeled version favored for more twisty tracks.