In years after ElNiño, globaleconomy loses trillions dartmouth sciencemagazine
bled $4.1 trillion and $5.7 trillion, respectively, in the half-decade after each of these events, most of it borne by the world's poorest nations in the tropics.
"We can say with certainty that societies and economies absolutely do not just take a hit and recover," said Callahan, adding that their data suggested a downturn after El Niño could last as long as 14 years, if not longer. When it comes to climate change, world leaders and the public rightfully focus on the unabated rise in the global average temperature, Mankin said."But if you're estimating the costs of global warming without considering El Niño, then you are dramatically underestimating the costs of global warming."
"The global pattern of El Niño's effect on the climate and the prosperity of different countries reflects the unequal distribution of wealth and climate risk—not to mention the responsibility for climate change—worldwide," Mankin said."El Niño amplifies the wider inequities in climate change, disproportionately impacting the least resilient and prepared among us."
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