Dartmouth researchers say $3 trillion will be at risk by 2029 and $84 trillion over the entire 21st century
Weather events caused by El Niño have reportedly cost the global economy trillions of dollars in lost revenue and are expected to return this year. Dartmouth researchers have released a study that reveals $3 trillion at risk by 2029, and $84 trillion over the entire 21st century.
The economic toll of this recurring weather pattern, known as El Niño, has been published in a magazine. chemistry. A press release from Dartmouth cites climate change as a potential driver of the frequency and intensity of catastrophic events.
“We can say with certainty that societies and economies will never recover quickly after being hit,” said Christopher Callaghan, a Dartmouth PhD candidate and principal investigator of the study. .
“Permanent signs” of slowing economic growth were found in the five years following the El Niño events of 1982-83 and 1997-98, which generated losses of $4.1 trillion and $5.7 trillion, respectively. Most of the grunt was borne by the world’s poorest countries.
“Our well-being is affected by the global economy, and the global economy is tied to the climate,” said Justin Mankin, an assistant professor at Ivy League institutions in New Hampshire. Changes in weather cause deadly floods, increased tropical diseases, crop-killing droughts, and declining fish populations..
Due to heavy rain, Floods in Somalia displace 250,000 people from their homes, the United Nations Office for the Coordination of Humanitarian Affairs called for urgent funding. The African country has already faced a historically severe drought, with crops unable to withstand five consecutive years of disastrous rains.
In the Emilia-Romagna region of northeastern Italy, deadly floods have engulfed homes and caused landslides. Authorities reported 14 deaths and more than 36,000 people displaced from their homes. Extreme weather warning extended until Sunday.