📺 Stream EntrepreneurTV for Free 📺

This July 4th May Have Been the Hottest Day on Earth in 125,000 Years A perfect storm of climate change, El Niño, and summer is leading to temperatures not seen in millennia.

By Jonathan Small

entrepreneur daily

Opinions expressed by Entrepreneur contributors are their own.

Photo by: chuchart duangdaw/Getty Images

Fireworks weren't the only thing sizzling on July 4.

According to the U.S. National Centers for Environmental Prediction, the global temperature soared to 62.92 degrees Fahrenheit (17.18 degrees Celsius), making the day the hottest since at least 1979, when the data was first collected.

But some scientists believe the Earth hasn't experienced heat like this since mammoths roamed the planet.

"It hasn't been this warm since at least 125,000 years ago, which was the previous interglacial," Paulo Ceppi, a climate scientist at London's Grantham Institute, told The Washington Post.

Just how hot was it? According to the Post's extreme heat tracker, 57 million people in the US were exposed to dangerous heat yesterday. Texas has been under a deadly heat dome since last week, causing a public health crisis in that state.

Meanwhile, China has also been blanketed by a heat wave, the Antarctic is reporting record-high temperatures even though it's winter, and temperatures in North Africa soared to 122F, according to Reuters.

Related: Bad Weather Won't Ruin Your Vacation Anymore — One Company Will Pay You to Enjoy It Rain or Shine

The worst is yet to come

Climate scientists say the scorching weather is due to climate change, El Niño, and the start of summer.

While Tuesday's record-breaking average temperature surpassed the previous mark of 62.62 Fahrenheit, which was set the day before, many believe even warmer temperatures are on the horizon.

"When's the hottest day likely to be? It's going to be when global warming, El Niño, and the annual cycle all line up together. Which is the next couple months," said Myles Allen, a professor of geosystem science at Oxford University, told the Post. "It's a triple whammy."

The heat's impact on the economy

The extreme heat doesn't just impact our health — it also affects the economy.

"Extended bouts of great heat can result in more hospital visits, a sharp loss of productivity in construction and agriculture, reduced agricultural yields, and even direct damage to infrastructure," according to Phys.org, a science, research, and technology news site.

A 2018 study found that hot summer months have a significant effect on the U.S. economy. "The data shows that annual growth falls 0.15 to 0.25 percentage points for every 1 degree Fahrenheit that a state's average summer temperature was above normal," researchers said.

Moreover, the International Labour Organization (ILO) predicts that, by 2030, heat waves could reduce the number of hours worked by more than 2%, which is about 80 million full-time jobs and a cost of $2.4 trillion.

Jonathan Small

Entrepreneur Leadership Network® VIP

Founder, Write About Now Media

Jonathan Small is an award-winning author, journalist, producer, and podcast host. For 25 years, he has worked as a sought-after storyteller for top media companies such as The New York Times, Hearst, Entrepreneur, and Condé Nast. He has held executive roles at Glamour, Fitness, and Entrepreneur and regularly contributes to The New York Times, TV Guide, Cosmo, Details, Maxim, and Good Housekeeping. He is the former “Jake” advice columnist for Glamour magazine and the “Guy Guru” at Cosmo.

Want to be an Entrepreneur Leadership Network contributor? Apply now to join.

Editor's Pick

Business Ideas

63 Small Business Ideas to Start in 2024

We put together a list of the best, most profitable small business ideas for entrepreneurs to pursue in 2024.

Growing a Business

Starting or Growing a Business? Here's How to Know When You Should Hire Your First Employee.

When enlisting help, follow these steps to make the best decision for your company.

Growing a Business

Your Comprehensive Guide to Becoming an SEO Expert – and Making Money While Doing It

Whether you're looking to earn more money or grow your digital presence, becoming an SEO expert could be a major windfall.

Business News

These 'Expressive Avatar' Deepfakes From a Billion-Dollar AI Startup Look Scary Real — Here's Who's Already Using the Technology

Is that a real person or an AI clone? New technology makes it nearly impossible to tell.

Business News

Southwest Airlines CEO Says the Company May Start Assigning Seats

The airline reported its Q1 2024 earnings on Thursday.