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Ghosts of 2001: Brazil worries about another energy crisis

2013-01-09 22:44:00| Climate Ark Climate Change & Global Warming Newsfeed

Reuters: Brazil looks less vulnerable today to an energy crisis similar to one in 2001 that cut output at factories, lopped about a percentage point off economic growth, and led millions of people to spend their nights by candlelight. Still, the risk of a major disruption remains - in part because the South American economic powerhouse has grown so much since then and electricity output has not kept up with soaring demand. Twelve years ago, Brazil experienced a severe drought that reduced water levels...

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