ADVERTISEMENT
Get Started
  • About Homebase Tv | Hbtvghana.com
  • Advertise
  • Broadcast Live
  • Disclaimer
  • Privacy & Policy
  • Terms and Conditions
  • Vacancies
  • Contact Us – Connect With Us
Homebase Tv - Hbtvghana.com
  • Home
  • General News
  • Business News
  • Health
  • Life & Style
  • Politics
    • Press Release
    • Parliament
  • Sports
No Result
View All Result
  • Home
  • General News
  • Business News
  • Health
  • Life & Style
  • Politics
    • Press Release
    • Parliament
  • Sports
No Result
View All Result
Homebase Tv - Hbtvghana.com
No Result
View All Result
ADVERTISEMENT
ADVERTISEMENT

El Nino on the way, could wipe out $3 trillion of world economy

May 22, 2023
in Ghana General News, International
el nino on the way could wipe out 3 trillion of world economy
0
SHARES
0
VIEWS
Share on FacebookShare on TwitterShare on TelegramShare on Whatsapp

El Nino is on the horizon, which can lead to severe heat waves and droughts in many countries, including India, and could take a $3 trillion toll on the global economy, new research published in the journal Science has warned.

El Nino, the band of warm ocean water that spans from South America to Asia triggering far-reaching weather changes, has persistently reduced country-level economic growth, attributing $4.1 trillion and $5.7 trillion in global income losses to the 1982-83 and 1997-98 events, respectively.

ADVERTISEMENT

The 2023 El Nino is predicted to come at a time when sea-surface temperatures are at an all-time high, according to the research.

ADVERTISEMENT

“The last major El Nino occurred in 2016 and made that year the hottest in recorded history. Global warming has only intensified in the seven years since. In addition, the world is coming out of an extended La Nina and the two phases can strengthen each other,” the researchers wrote.

El Nino on the way, could wipe out $3 trillion of world economy

The US National Oceanic and Atmospheric Administration projects the chances of El Nino setting in by late summer as higher than 80 per cent.

“The deck is potentially stacked for a really big El Nino. Our results suggest that there will likely be a major economic toll that depresses economic growth in tropical countries for potentially up to a decade,” said Christopher Callahan, a doctoral candidate at Dartmouth College in the US.

ReadAbout

South Africa: Ninety schoolchildren given ‘cannabis muffins’

Angus Cloud’s cause of death revealed nearly 2 months after ‘Euphoria’ star dies at 25

Sophie Turner sues Joe Jonas, demands kids be returned to England after being ‘wrongfully detained’ amid split

The result could be trillions of dollars in productivity lost globally relative to a world without this El Nino.

Justin Mankin, an assistant professor of geography, and Callahan project that global economic losses for the 21st century will amount to $84 trillion as climate change potentially amplifies the frequency and strength of El Nino — even if current pledges by world leaders to reduce carbon emissions come to fruition.

The researchers estimate that the El Nino predicted for 2023 alone could hold the global economy back by as much as $3 trillion by 2029.

The findings, Mankin said, highlight a critical and understudied factor shaping the economic toll of global warming — year-to-year variations in climate conditions.

“Our welfare is affected by our global economy, and our global economy is tied to the climate,” Mankin said. “When you ask how costly climate change is, you can start by asking how costly climate variation is.”

ADVERTISEMENT

In the years it strikes, El Nino results in devastating floods, crop-killing droughts, plummeting fish populations, and an uptick in tropical diseases.

DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policies of Homebase Television Ltd.

  • President Commissions 36.5 Million Dollars Hospital In The Tain District
  • You Will Not Go Free For Killing An Hard Working MP – Akufo-Addo To MP’s Killer
  • I Will Lead You To Victory – Ato Forson Assures NDC Supporters

Visit Our Social Media for More

About Author

0f6ccc2bd34b021a48650d39076dcc2d?s=150&d=mm&r=g

hbtvghana

See author's posts

Discover interesting ones too

Ghana General News

#OccupyJulorBiHouse: Derogatory caption of Presidency by organisers unacceptable – Richard Ahiagbah

#OccupyJulorBiHouse: Derogatory caption of Presidency by organisers unacceptable – Richard Ahiagbah

The Communications Director of the New Patriotic Party (NPP), Richard Ahiagbah has expressed his displeasure with the derogatory captioning of...

Read more
by hbtvghana
0 Comments
Ghana General News

45 Ghanaian start-ups under AfriConEU project exposed to African market opportunities

45 Ghanaian start-ups under AfriConEU project exposed to African market opportunities

Forty-five start-ups in Ghana are receiving support in digital innovations to enhance their opportunities to gain access to the African...

Read more
by hbtvghana
0 Comments
Ghana General News

Official statement announcing Dr Sam Ankrah’s candidacy for President

Official statement announcing Dr Sam Ankrah’s candidacy for President

Countrymen and women, we find ourselves at a crucial juncture in our nation’s history. Our beautiful Ghana is failing right...

Read more
by hbtvghana
0 Comments
Ghana General News

South Africa: Ninety schoolchildren given ‘cannabis muffins’

South Africa: Ninety schoolchildren given ‘cannabis muffins’

Police say more than 90 children suffered "serious pains" after consuming the muffins (GEORGE MUKHARI HOSPITAL)Around ninety primary schoolchildren in...

Read more
by hbtvghana
0 Comments
Ghana General News

Losing our father was the price we paid for Ghana’s independence – Samia Nkrumah

Losing our father was the price we paid for Ghana’s independence – Samia Nkrumah

The daughter of Osagyefo Dr. Kwame Nkrumah, Samia Yaba Christina Nkrumah, has highlighted the essence of sacrifice in the development...

Read more
by hbtvghana
0 Comments
Business

Ghana needs at least a decade to recover from DDEP – Agnes Abankwa

Ghana needs at least a decade to recover from DDEP – Agnes Abankwa

Senior Investment Executive at Dalex Finance and Leasing Company Ltd, Agnes Serwaa Abankwa says it will take at least a decade...

Read more
by hbtvghana
0 Comments
Ghana General News

#OccupyJulorBiHouse: Where is IGP Dampare in all of this? – Ghanaians quiz

#OccupyJulorBiHouse: Where is IGP Dampare in all of this? – Ghanaians quiz

Social media platform X, formerly known as Twitter, has become a battleground for a wide range of reactions from Ghanaians...

Read more
by hbtvghana
0 Comments
Ghana General News

#OccupyJulorBiHouse: Celebrities react, advocate for release of arrested protestors

#OccupyJulorBiHouse: Celebrities react, advocate for release of arrested protestors

Like many Ghanaians, a lot of celebrities say they have been taken aback by the arrest of citizens who were...

Read more
by hbtvghana
0 Comments
Ghana General News

Mohbad’s body exhumed for autopsy — Police

Mohbad’s body exhumed for autopsy — Police

The body of the 27-year-old Afrobeats star who died recently in unclear circumstances has been exhumed for autopsy, the police...

Read more
by hbtvghana
0 Comments
Ghana General News

#OccupyJulorBiHouse: Bridget Otoo, other reporters assaulted

#OccupyJulorBiHouse: Bridget Otoo, other reporters assaulted

Ghanaian TV personality, Bridget Otoo has shared her ordeal during the #OccupyJulorBiHouse protest which resulted in over 40 demonstrators getting...

Read more
by hbtvghana
0 Comments
Load More
  • Ghana and Japan agree to pursue UN Security Council reforms

    Ghana and Japan agree to pursue UN Security Council reforms

    0 shares
    Share 0 Tweet 0
  • Steve Harvey’s Jaw-Dropping Revelation: Abandon Preconceptions and Embark on an African Adventure!

    65073 shares
    Share 0 Tweet 0
  • Climate crisis, empowerment, entrepreneurship, high on Kamala Harris’ agenda for Africa visit

    0 shares
    Share 0 Tweet 0
  • Gold Mafia: Gold smuggler sneaks $40 million worth of gold out of Ghana every month

    0 shares
    Share 0 Tweet 0
  • Tonto steps down, Funke Akindele loses, Desmond Elliot wins – 7 celebrities in Nigeria’s 2023 election

    0 shares
    Share 0 Tweet 0
ADVERTISEMENT
ADVERTISEMENT

Follow Homebase Tv

  • About Homebase Tv | Hbtvghana.com
  • Advertise
  • Broadcast Live
  • Disclaimer
  • Privacy & Policy
  • Terms and Conditions
  • Vacancies
  • Contact Us – Connect With Us

© 2014 Total Enjoyment & Proper News

No Result
View All Result

© 2014 Total Enjoyment & Proper News

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Cookie settingsACCEPT
Privacy & Cookies Policy

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these cookies, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may have an effect on your browsing experience.
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
Non-necessary
Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.
SAVE & ACCEPT

Add New Playlist

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.