Upcoming destructive solar storm to cause damages worth 40 billion dollars

January 23, 2017 3:23 PM |

Upcoming destructive solar storm to cause damages worth $40bn

In a recent study published by Space Weather stated that the upcoming solar storm sometime in next decade would have an unfathomable destruction on human lives. Researchers working at the Cambridge Centre for Risk Studies at the University of Cambridge have estimated that a severe solar storm can cause damages worth $40 billion. A major part of this damage will be bore by the electricity generators and power grids.

Reports have stated that a blackout will happen that will vary from few hours to few months depending up on the severity of the solar storm. The study’s also states that the extreme blackout scenario would affect 66% of the U.S. population.

And such a solar flare or solar storm is not new to the planet Earth. In August 1859, such a solar flare was observed across the globe. People living in Queensland back then observed auroras which are highly uncommon for the location. Places near the equator like the Caribbean, the Rocky Mountains, Northern Africa, Hawaii, and even Colombia witnessed auroras. This event was known as “Carrington event” as it was first recorded by the English astronomer Richard C. Carrington.

Such an event at this point of our lives would mean losses in billions of dollars. Researchers have proposed that if only North USA is affected then the losses would mount up to $6.2 billion. If the solar flare affected 23 percent of the population of the planet then the total cost would be around $16.5 billion per day. There rates were calculated according to the value of the U.S. dollar in 2011.

Image Credit: wikipedia

Please Note: Any information picked from here must be attributed to skymetweather.com




Weather Forecast

Other Latest Stories

Weather on Twitter
महाराष्ट्राचे ब्रम्हपुरी शहर, सर्वात गरम ठिकाण आहे. येथे कमाल तापमान ४३.१ अंश सेल्सिअस नोंदवला गेला आहे… t.co/sGBA7UU6qV
Thursday, June 20 13:30Reply
#Machilipatnam in #AndhraPradesh turned out to be the #hottest city in #India with its maximum temperature settling… t.co/Aqrfu8JCym
Thursday, June 20 13:06Reply
The good news is, the increased #rainfall activities would also mark the onset of #Monsoon in parts of #Odisha. t.co/Qkh1CwIU6B
Thursday, June 20 12:41Reply
During the next 24 to 48 hours, South #Konkan and #Goa region may receive moderate to heavy showers, while #rains w… t.co/nPdroyEUAI
Thursday, June 20 11:30Reply
महाराष्ट्राच्या वेंगुर्ला शहरात, सर्वात जास्त पावसाची नोंद करण्यात आलेली आहे. येथे गेल्या २४ तासात, येथे ९६ मिलीमीट… t.co/JCggWcbuIn
Thursday, June 20 10:43Reply
RT @SkymetHindi: हरियाणा का साप्ताहिक मौसम पूर्वानुमान (19-25 जून, 2019), किसानों के लिए फसल सलाह t.co/6T5OnaBjTY
Thursday, June 20 08:06Reply
moderate to heavy #rains will be seen over many parts of Coastal #AndhraPradesh and #Telangana until June 23. t.co/TSW3vufYQA
Wednesday, June 19 21:45Reply
The #watercrisis has further intensified in #Chennai, #TamilNadu. Recently, guest-houses in Chennai's Triplicane ar… t.co/dZhoD6aqzt
Wednesday, June 19 21:15Reply
The broadcaster Star India is dejected as they are currently staring at an advertising revenue loss of 100 plus cro… t.co/ETsHBH6wB9
Wednesday, June 19 21:00Reply
On June 21, the system will gain strength, moving partly over land and remaining partly over sea. Around June 21 la… t.co/FMTexbfTf6
Wednesday, June 19 20:45Reply

latest news

USAID Skymet Partnership

Skymet weather

Download the Skymet App

Our app is available for download so give it a try