The Trillion-Dollar Threat of El Niño on Global Economies
TL;DR Summary
A new study in the journal Science found that the natural warming of the equatorial Pacific known as El Nino causes trillions of dollars in damage worldwide, with longer-lasting economic scars than previously thought. The study authors said the average El Nino costs the global economy about $3.4 trillion, with the strong 1997-1998 one costing $5.7 trillion. The World Bank estimated the 1997-1998 El Nino cost governments $45 billion, which is more than 100 times smaller than the Dartmouth estimate. The study shows a world unprepared for the hurt that’s coming from natural disasters like El Nino and human-caused climate change.
Topics:world#climate-and-environment#climate-change#damage-estimates#el-nino#global-economy#natural-disasters
- El Ninos are far costlier than once thought, in the trillions, study says -- and one's brewing now The Associated Press
- El Nino costs the world over $3 trillion | World Business News WION
- El Niño Is Coming—and Global Economies Could Lose Trillions Gizmodo
- The Looming El Niño Could Cost the World Trillions of Dollars WIRED
- El Niño is getting stronger. That could cost the global economy trillions. The Washington Post
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