02 February 2011
NTS Bulletin (Feb 2011 – Issue 1)
Abstract
The beginning of 2011 was marked by a series of rain-related disasters in various parts of the globe. Australia experienced one of the most severe (and most probably the costliest) wave of floods in its history. In Sri Lanka and the Philippines, flooding has displaced thousands, while in Brazil, heavy rains have resulted in massive landslides that have caused over half a thousand deaths. Furthermore, with crops and large coal mines severely affected by the flooding, it is likely that these events will have negative long-term and global effects on food and energy prices.
Abstract
The beginning of 2011 was marked by a series of rain-related disasters in various parts of the globe. Australia experienced one of the most severe (and most probably the costliest) wave of floods in its history. In Sri Lanka and the Philippines, flooding has displaced thousands, while in Brazil, heavy rains have resulted in massive landslides that have caused over half a thousand deaths. Furthermore, with crops and large coal mines severely affected by the flooding, it is likely that these events will have negative long-term and global effects on food and energy prices.
