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The Trillion-Dollar Threat of El Niño on Global Economies

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Source: The Associated Press
The Trillion-Dollar Threat of El Niño on Global Economies
Photo: The Associated Press
TL;DR

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:worldclimate-and-environment#climate-and-environment#climate-change#damage-estimates#el-nino#global-economy#natural-disasters
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  1. El Ninos are far costlier than once thought, in the trillions, study says -- and one's brewing now  The Associated Press
  2. El Nino costs the world over $3 trillion | World Business News  WION
  3. El Niño Is Coming—and Global Economies Could Lose Trillions  Gizmodo
  4. The Looming El Niño Could Cost the World Trillions of Dollars  WIRED
  5. El Niño is getting stronger. That could cost the global economy trillions.  The Washington Post

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