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And we brought in the data to paint a clearer picture.

We talked to locals, hoteliers and experts. We discovered problems are common across the region. It's a huge challenge with no easy solution

Join us (maybe from your own beach holidays?) across Ibiza in Spain, Alentejo in Portugal and Trentino in Italy for a close look at the tensions these trends are bringing up.

In today's mega-feature we look at how tourism and climate change are putting extraordinary pressure on resources, societies and environments in the European Mediterranean and what that means for their economies as we move into a hotter, more unpredictable future

Our first take attempted to answer the most basic questions: what (a major blackout), where (everywhere), who (everyone).

Very quickly, colleagues in Madrid and Lisbon hit the streets and talk to people. And because this is Bloomberg, we also had a great chart

www.bloomberg.com/news/article...

The COP28 deal language is still open to interpretation. Saudi Arabia's Energy Minister ABS said last week key pledges listed on paragraph 28 are choices

The EU feels stronger this year than it did last to defend its position on mitigation. We'll see what happens in Dubai!

If you've attended a COP, you've had this thought in the past. But hearing it from a top official is something else. Without meaningful agreements, the meeting risks becoming just another climate fair

Ribera, a climate diplomacy veteran that has attended over 20 COPs, was quite frank: reaching an agreement this year won't be easy

Next we took a deep dive into water trading databases to understand who are the large players, as well as the winners and losers in the water game.

Being a large player doesn't make you a winner, especially if you're giving away your water for free, or you're letting large companies pollute it

But what about the water it takes to make things? Every product we consume and use needs water to be produced. So trading anything from wheat to copper and even smartphones means, in a way, trading water. When you look at it like that, the water market is, well, huge.

We started by looking at how much water is being physically traded through tanker trucks and water rights. It's a booming market, but it's still relatively small #water #climatechange