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https://en.wikipedia.org/wiki/Solar_storm_of_2012>The solar storm of 2012 was an unusually large and strong coronal mass ejection (CME) event that occurred on July 23 that year. It missed the Earth with a margin of approximately nine days, as the equator of the Sun rotates around its own axis with a period of about 25 days.[1] The region that produced the outburst was thus not pointed directly towards the Earth at that time. The strength of the eruption was comparable to the 1859 Carrington event that caused damage to electric equipment worldwide, which at that time consisted mostly of telegraph stations.https://www.extremetech.com/extreme/186805-the-solar-storm-of-2012-that-almost-sent-us-back-to-a-post-apocalyptic-stone-age>If the solar storm had hit Earth back in 2012, the total economic impact is estimated to be around $2 trillion, or 20 times the cost of Hurricane Katrina. It’s not just about money, though: As I covered in our feature story The Machine Stops, it would take time to fix up the world’s power grid. You can’t just magically replace dozens of giant transformers and substations. There are only so many diesel generators to fill the gap. If a giant solar storm hit the Earth, large parts of society could be without power for months or years. 