February 22, 2011

Solar Storm Could Cause $2 Trillion 'Global Katrina'

Alok Jha, Guardian


The threat of solar storms that could wreak havoc on the world's electronic systems must be taken more seriously, the UK government's chief scientist has warned. A severe solar storm could damage satellites and power grids around the world, he said, leading to a "global Katrina" costing the world's economies as much as $2tn (£1.2tn).

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TAGGED: GPS, Solar Cycle, Space Weather, Solar Storm