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The document examines the vulnerability of the European power sector to climate change, focusing on the interdependence between water supply and electricity generation. It argues that rising temperatures and water scarcity can force power plants, particularly nuclear facilities, to reduce production, which in turn disrupts the European electricity exchange system. Using a theoretical model and scenarios based on IPCC projections, the authors demonstrate that countries heavily dependent on electricity imports, such as Italy and the Netherlands, are particularly vulnerable to production constraints in major exporting nations like France.