Latin American economies could be affected by the climatic phenomenon from September, although floods would help regions that have been hit by drought. How are the region’s governments preparing?
Buoys off southern Florida have registered water temperatures of more than 100 degrees Fahrenheit, turning the ocean into a hot tub and threatening to cause environmental and economic damage
Investors aren’t yet discussing El Niño’s effects in depth, “which makes me nervous that we may be complacent to this risk,” said Eimear Daly, an emerging-market strategist at NatWest in London
Near record heat will spread from the US Southwest across Texas and the Great Plains this week, with temperatures of 100F (38C) or more straining electricity networks
The weather event usually brings hotter and drier conditions to main robusta growing regions; the crop in Brazil, the No. 2 producer of the variety, is expected to drop by 5%
Economic simulations run by the company found that ignoring climate change would cost Latin America 6% of its gross domestic product by 2050 and nearly 20% by 2100
Extreme weather events are already taking a toll on Latin America’s largest economy, costing it $2.6 billion on average each year, according to the bank
As many as 4 billion people around the globe experience water scarcity for at least one month a year, and worsening climate disasters including storms and drought only threaten to make matters worse
