The Strengthening El Niño Threatens Trillions in Global Economy.

A new study published in the journal Science warns that the global economy could face trillions of dollars in losses due to the intensifying El Niño events, which could be more frequent and stronger due to climate change. The study found that the most intense El Niño events cost the global economy more than $4tn over the following years, and the authors project that global economic losses could amount to $84tn by the end of the 21st century, even if current pledges to reduce carbon emissions are met. The impact will most burden lower-income nations, and the forecasters at the National Oceanic and Atmospheric Administration are anticipating a strong El Niño event later in 2023.