Annex 1: Intensification of El Niño-Southern Oscillation (ENSO)
One of the climatic events that may become more frequent and intense due to climate change is El Niño. Over the last 3 decades the Andean sub-region has experimented an increase in the El Nino events, with two extremely intense events in 82/83 and 97/98 (CAN 2008). The Corporacion Andina de Fomento (CAF) estimated that El Niño event in 97/98 produced losses of US$ 7,545 million, equivalent to 2.6% of the sub-region’s GDP. Three…