Because that's where the solar rays hit the earth at a 90 degree angle. And the earths rotation on a tilt causes the Solstice and Equinox.
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The two periods of maximum solar radiation at the equator occur when the Sun is directly overhead at the Tropic of Cancer and the Tropic of Capricorn. During these times, the Sun's rays strike the equator most directly, resulting in maximum solar radiation.
Because over a long period of time, the sun appears to wiggle back and forth, north and south, between the Tropic of Cancer (23 degrees north latitude) and the Tropic of Capricorn (23 degrees south latitude), making a complete wiggle in one year. In the course of that process, it crosses the equator twice, and when it does, the equator experiences maximum solar radiation. Actually, when you think about it, EVERY spot on Earth that's anywhere between the Tropics of Cancer and Capricorn receives two peaks of solar radiation during a year.
Solar maximum can occur up to 42 degrees north of the equator as it did in 1859.
Short periods of climate change caused by changes in the amount of solar radiation an area receives are known as solar forcing. This can lead to variations in Earth's climate, such as ice ages or interglacial periods. Changes in solar radiation can impact temperature and weather patterns on a regional or global scale.
Equator has a lower angular deflection of sunlight and therefore warmer temperatures
In June, the outer edge of the atmosphere at the equator receives less solar radiation than the north pole and 40 degrees north latitude because the angle of incidence of the sun's rays is lower at the equator due to the Earth's axial tilt. This results in the solar radiation being spread over a larger area at the equator compared to the more concentrated radiation received at higher latitudes.