Dr Mark Saunders, Dr Tony Hamilton and Steven George of the university's Benfield Greig Hazard Research Centre
have developed a method of predicting the North Atlantic Oscillation - the dominant cause of winter climate variability for much of Europe.
But although the eruption is destined to happen - scientists at the Benfield Greig Hazard Research Centre
in London believe it could take place in the next few decades - experts are divided on the impact.
Dr Simon Day, of the Benfield Greig Hazard Research Centre
at University College London, said he believed that a chunk of the island, weighing up to 500 billion tonnes, is unstable and could slip into the sea.