Categories: Market Overview

2020 likely world’s second hottest year, U.N. says

This year is on track to be the second hottest on record, behind 2016, the World Meteorological Organization (WMO) said on Wednesday. Five data sets currently place 2020, a year characterised by heatwaves, droughts, wildfires and raging hurricanes, as the second warmest since records began in 1850.

“2020 is very likely to be one of the three warmest years on record globally,” the Geneva-based U.N. agency said in its State of the Global Climate in 2020 report.

Stoked by extreme heat, wildfires flared across Australia, Siberia and the United States this year, sending smoke plumes around the globe. U.N. Secretary-General Antonio Guterres said in a speech at Columbia University in New York that human-caused greenhouse gas emissions are to blame and policies have yet to rise to the challenge. “To put it simply the state of the planet is broken,” Guterres said. “Humanity is waging war on nature. This is suicidal,” he said.

A less visible sign of change was a surge in marine heat to record levels, with more than 80% of the global ocean experiencing a marine heatwave, the WMO said. “2020 has, unfortunately, been yet another extraordinary year for our climate,” said WMO Secretary-General Petteri Taalas, urging more efforts to curb the emissions.

Greenhouse gas concentrations climbed to a new record in 2019 and have risen so far this year despite an expected drop in emissions due to COVID-19 lockdowns, the WMO said last month. The latest WMO report said the global mean temperature was around 1.2 degrees Celsius above the 1850-1900 baseline between January and October this year, placing it second behind 2016 and marginally ahead of 2019.

Hot years have typically been associated with El Niño, a natural event that releases heat from the Pacific Ocean. However, this year coincides with La Niña which has the opposite effect and cools temperatures.

2020 likely world’s second hottest year, U.N. says, Reuters, Dec 3

The FxPro News Team

This team of professional journalists announces the most interesting and influential articles from the major financial media as a brief summary. All such news may have sufficient potential to affect the course of trading assets.

Share
Published by
The FxPro News Team

Recent Posts

The crypto market is updating its lows but avoiding sharp changes

Market Picture The crypto market set another trap for bulls yesterday afternoon, jumping to $3T…

21 minutes ago

JPMorgan Chase Wave Analysis – 18 December 2025

JPMorgan Chase: ⬇️ Sell - JPMorgan Chase reversed from resistance area - Likely to fall…

11 hours ago

EURUSD Wave Analysis – 18 December 2025

EURUSD: ⬇️ Sell - EURUSD reversed from resistance area - Likely to fall to support level…

11 hours ago

AUDJPY Wave Analysis – 18 December 2025

AUDJPY: ⬆️ Buy - AUDJPY reversed from support area - Likely to rise to resistance…

12 hours ago

Palladium Wave Analysis – 18 December 2025

Palladium: ⬆️ Buy - Palladium broke multi-month resistance level 1600.00 - Likely to rise to resistance…

12 hours ago

GBPUSD. Current situation #tradelikeapro #trading #tradingstrategy #tradingshorts #gbpusd #gbp

Today is Thursday, the 18th of December, and we'll be talking about the British pound…

17 hours ago

This website uses cookies