xParametric
  • ℹ️Introduction
  • 📚How does xParametric work?
    • Fixed Product Market Maker
    • Market States
    • Market Properties
    • Adding and Removing Liquidity
  • 💻Example Market
    • Climate Risk: Will 2024 be the hottest year on record?
    • Catastrophe Risk: Will there be an increase in named storms globally in 2024 compared to 2023?
  • 🦸‍♂️User Guide
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Climate Risk: Will 2024 be the hottest year on record?

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Last updated 1 year ago

Question

Will 2024 be the hottest year on record?

Outcomes

Yes, No

Closing date (expiration date)

1/1/2025

Description

The NOAA National Centers for Environmental Information (NCEI) is a division of the National Oceanic and Atmospheric Administration (NOAA) in the United States. NCEI is responsible for preserving, monitoring, and providing access to a vast collection of environmental data, including climate data.

\"Climate at a Glance: Global Time Series\" is a specific section or feature within the NCEI's Climate at a Glance platform. It focuses on global temperature data and provides a time series of temperature anomalies. The term \"temperature anomaly\" refers to the difference between a measured temperature and a long-term average temperature for a specific location or over a specific period.

By means of being the hottest year on record, 2024 needs to have the highest annual (January-December) temperature anomaly. The top 5 of the hottest years on record are 2023 (1.18°C), 2016 (1.03°C), 2020 (1.01°C), 2019 (0.98°C) and 2017 (0.95°C).

Resolution source

Category

Climate Risk

💻
Global Time Series | Climate at a Glance | National Centers for Environmental Information (NCEI)
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