El Niño 2023 can aggravate food, energy and finance crises
Publication year
Resource type
UNCCD Library
Material Type
news article
The last few weeks have seen large scale floodings in southwestern China and northwestern India including its capital, Delhi. The deluge in China and India is no exception to an emerging trend of recurrent monsoon anomalies. Lives are being lost and infrastructure has been damaged or destroyed. The impacts being felt in many parts of the region amount to billions of dollars. Added to this is a wide variety of other climate-wrought mayhem being reported from across the world such as record-breaking temperature rises and heat waves , all of them happening in the backdrop of onset of El Niño 2023 and climate change.
In the Asia-Pacific region, there has been an aspiration to accelerate progress towards the Sustainable Development Goals through solutions at the nexus of the energy, food and finance sectors. The onset of El Niño is likely to impact this nexus.
El Niño 2023: Risk and potential impacts
A new update from the WMO has declared the onset of El Niño, the first declaration of this kind in seven years. There is a 90 per cent probability of a transition from ENSO-neutral to El Niño during the second half of 2023. El Niño is a natural weather phenomenon that fuels above-average global heat, but results in more intense natural hazards in parts of the world. It will likely have strong economic repercussions and threatens to slow the global economy by as much as US $3 trillion.
The Asia-Pacific Disaster Report 2019 estimates the annualized economic losses to be up to $675 billion with nearly 85 per cent of the losses in the region resulting from monsoon-related droughts, floods and tropical cyclones. The likelihood of an El Niño this year is coinciding with the Asian summer monsoon, which typically brings seasonal rains between June and September (Figure 1). Its impact will be manifested through increasing extreme weather events as well as slow onset disasters. While there is no specific attribution study yet to establish the direct link between the onset of El Niño and large-scale floodings in the region, seasonal outlooks for June, July, August and September (JJAS) do capture its broad footprints.
In the Asia-Pacific region, there has been an aspiration to accelerate progress towards the Sustainable Development Goals through solutions at the nexus of the energy, food and finance sectors. The onset of El Niño is likely to impact this nexus.
El Niño 2023: Risk and potential impacts
A new update from the WMO has declared the onset of El Niño, the first declaration of this kind in seven years. There is a 90 per cent probability of a transition from ENSO-neutral to El Niño during the second half of 2023. El Niño is a natural weather phenomenon that fuels above-average global heat, but results in more intense natural hazards in parts of the world. It will likely have strong economic repercussions and threatens to slow the global economy by as much as US $3 trillion.
The Asia-Pacific Disaster Report 2019 estimates the annualized economic losses to be up to $675 billion with nearly 85 per cent of the losses in the region resulting from monsoon-related droughts, floods and tropical cyclones. The likelihood of an El Niño this year is coinciding with the Asian summer monsoon, which typically brings seasonal rains between June and September (Figure 1). Its impact will be manifested through increasing extreme weather events as well as slow onset disasters. While there is no specific attribution study yet to establish the direct link between the onset of El Niño and large-scale floodings in the region, seasonal outlooks for June, July, August and September (JJAS) do capture its broad footprints.
Keywords
climate change impact
food insecurity
environmental crisis
global risks
drought