The Nobel Foundation, which is responsible for administering the prestigious award, said on Friday that this year’s Nobel Prize winners will receive an additional 1 million Swedish krona, bringing the total value of the financial reward to 11 million krona ($986,000).
The value of the award has been subject to adjustments, up and down, in recent years, and the award providers said that they would increase the amount this year to reflect the strength of the organization’s financial position.
They reduced the value of the award in 2012 from 10 million kroner to eight million as the foundation sought to shore up its financial situation. The prize amount increased to nine million in 2017 and then to 10 million in 2020, which is the value of the prize before 2012.
But over the past decade, the Swedish krona has lost about 30 percent of its value against the euro, which means that the latest increase in the value of the prize will not make winners outside Sweden feel richer.
In 2013, the value of the Prizes for Achievement in Science, Literature and Peace, which were first awarded in 1901, reached about $1.2 million, although the amount in Swedish currency was reduced to eight million kroner.
The Nobel Prize in Physiology or Medicine will be the first award this year, and will be announced on October 2, followed by the prizes in physics, chemistry, literature and peace in the following days.
Study : Almost the entire world population was affected by global warming this summer
Almost the entire global population was exposed to higher temperatures from June to August as a result of human-caused climate change, according to a peer-reviewed research report published late on Thursday.
The Northern Hemisphere is experiencing the hottest summer since records began, and long heat waves in North America and Southern Europe this year have caused catastrophic forest fires and high death rates. July was the hottest month on record, while average temperatures in August were also 1.5 degrees Celsius above pre-industrial levels.
A study by Climate Central, a US-based research group, examined temperatures in 180 countries and 22 regions and concluded that 98 percent of the world's population was exposed to higher temperatures that were at least twice as likely as a result of carbon dioxide pollution.