Destructive: A solar flare many times greater than this one could be catastrophic for Earth. There is a 12 per cent chance of one occurring over the next decade
One-In-Eight Chance Of Solar Megaflare Causing Trillions Of Dollars Of Damage In Next Ten Years, Scientists Warn -- Daily Mail
Earth has a 12 per cent chance of being struck by a solar megaflare of such violent proportions over the next decade it could cause trillions of dollars of damage, scientists warned today.
The event would rival the last giant sunstorm, known as the Carrington Event, more than 150 years ago when telegraph stations caught fire and their networks suffered massive black-outs.
In today's electronic-infused world, the consequences of such a huge magnetic force raining down on the planet could be catastrophic and may take a decade to recover from.
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My Comment: If everything that is electronic gets fried .... the costs will definitely run in the mega trillions.