Extreme El Niño Could Cost Latin America 2% of GDP, ECLAC Warns
ECLAC said the shock could hit energy, fishing and farming hardest and urged governments to adopt anticipatory policies.
- An extreme El Niño event could wipe at least 2% off Latin America and the Caribbean's gross domestic product over three years and push 4.8 million more people into poverty, the United Nations Economic Commission warned.
- NOAA projects a more than 90% chance of very high intensity during the northern hemisphere's autumn and winter of 2026-2027, with a 69% probability of a historic "Super El Niño" featuring sea surface temperature anomalies exceeding 2.5 degrees Celsius.
- Hydropower accounts for more than 70% of electricity generation across the region, yet a 60% chance of below-normal rainfall in the October-December quarter threatens aging power infrastructure and raises blackout risks, ECLAC said.
- Drought could strike Central America's Dry Corridor, Colombia, Venezuela, Cuba, the Dominican Republic and Haiti in coming months, while weaker Pacific upwelling threatens fish stocks that fell 52.7% during previous historic episodes.
- ECLAC Executive Secretary José Manuel Salazar-Xirinachs urged governments to adopt a 10-point policy package, stating: "It is imperative that we shift from a response after losses to anticipatory management of climate risk.
12 Articles
12 Articles
Extreme El Niño could cost Latin America 2% of GDP, ECLAC warns
An extreme El Niño event could wipe at least 2% off Latin America and the Caribbean's gross domestic product over three years and push as many as 4.8mn more people into poverty by the end of the decade, ECLAC said in a new report.
Cepal: El Niño could reduce Peru's GDP growth by 4.1 percentage points The biggest economic losses in the face of an extreme El Niño event, called Super Niño, would be concentrated in Ecuador, Peru and Colombia, according to estimates by the Economic Commission for Latin America and the Caribbean (Cepal). In the case of Peru, the real GDP growth rate could be reduced by 4.1 percentage points (pp). For... Read more » This article is original of t…
canaledieci.it
There is a 95% probability that a very intense El Niño phenomenon will occur by the end of the year, which could damage the harvests. Mathias Cormann, Secretary General of the OECD, said this during the press conference of presentation of the Interim report of the Economic Outlook. Cormann and the chief economist Stefano Scarpetta explained [...]
There is a 95% probability that a very intense El Niño phenomenon will occur by the end of the year, which could damage the harvests. Mathias Cormann, Secretary General of the OECD, said this during the press conference of presentation of the Interim Report of the Economic Outlook. Cormann and the chief economist Stefano Scarpetta explained [...] The article El Niño and the alarm Ocse: 95% will be very intense, impact on crops and food prices ar…
UN calls on Latin America to act ahead of ‘super’ El Niño climate event
A United Nations commission is urging Latin American governments to take action in the face of an extreme and costly El Niño event. The United Nations Economic Commission for Latin America and the Caribbean warned in a new report released on Monday that the intensifying El Niño Southern Oscillation (ENSO) weather pattern could reduce the gross domestic product of the region by more than 2% over the next three years. The commission is calling o…
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