Huge solar storm could cost trillions in global damage

Solar storms are known to disrupt satellite and radio communications, but scientists now say that one extreme space weather event could cause 'doomsday' on Earth.

Researchers from the Harvard-Smithsonian Center for Astrophysics say that a large space weather event could even occur in the next 10 years.

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And could cause global technological damage costing $10 trillion.

And the scientists told Gizmodo that within 150 years, the same event could cost $20 trillion.

This is because as our technology development advances, we will actually become more susceptible to these types of space weather events.

In 1859, a massive geomagnetic superstorm, known as the Carrington event hit Earth and disrupted radio communication on the ground.

Scientists are now proposing a 'magnetic deflector' to block harmful blasts from the sun.

Sure it would cost around $100 billion to make but that is ironically way less than the damage costs we would incur without it.