Current:Home > MyWhen extreme rainfall goes up, economic growth goes down, new research finds -TradeCircle
When extreme rainfall goes up, economic growth goes down, new research finds
View
Date:2025-04-18 20:03:55
More rainy days could mean a blow to the economy, according to a new study from the Potsdam Institute for Climate Impact Research in Germany.
The research, published Wednesday in Nature, found that concentrated bursts of daily rainfall decreases economic growth, especially in wealthier and industrialized countries
The study analyzes 40 years of data from more than 1,500 regions in 77 countries and zeroes in on the economic impact of intense, daily rainfall.
Global climate change, caused by human greenhouse gas emissions, is changing weather patterns around the world and making extreme precipitation more common.
Past climate research has focused primarily on temperature or annual precipitation, while this study of data from 1979 to 2019 looks at daily levels.
"If we want to think about the future and think about future climate change, it's actually the daily aspects of rainfall that we know the most about," Maximilian Kotz, a doctoral researcher at the Potsdam Institute and the study's first author, told NPR.
Water is a scarce economic resource, Kotz noted. Having more of this economic good is generally a plus, but it's not a benefit in the case of short, intense periods of rain, which can lead to flooding. Not only can flooding destroy infrastructure, it can also disrupt production and the supply chain, Kotz explained.
The researchers found that the addition of just a few inches of extreme rainfall throughout the year could shave half a percentage point off a country's annual growth. That could be significant, considering most developed nations grow by only 2 or 3 percentage points each year.
The researchers accounted for a range of other factors that might have affected economic growth over the study's time frame, like local political events and global economic trends. They concluded with "very high confidence" that there was a causal link between the changes in rainfall and the changes in economic growth, Kotz told NPR.
"This is just another demonstration of the ways in which the economy is very closely linked to climate," Kotz said. "And as a result, our prosperity and jobs are all vulnerable to possible future changes in climate."
NPR's Camila Domonoske contributed to this report.
veryGood! (9)
Related
- Newly elected West Virginia lawmaker arrested and accused of making terroristic threats
- UNEP Chief Inger Andersen Says it’s Easy to Forget all the Environmental Progress Made Over the Past 50 Years. Climate Change Is Another Matter
- Still trying to quit that gym membership? The FTC is proposing a rule that could help
- Investigators looking into whether any of the Gilgo Beach murder victims may have been killed at home suspect shared with his family
- Jorge Ramos reveals his final day with 'Noticiero Univision': 'It's been quite a ride'
- The U.S. is threatening to ban TikTok? Good luck
- Florida girl severely burned by McDonald's Chicken McNugget awarded $800,000 in damages
- One killed after gunfire erupts in Florida Walmart
- The Daily Money: Spending more on holiday travel?
- Warming Trends: How Urban Parks Make Every Day Feel Like Christmas, Plus Fire-Proof Ceramic Homes and a Thriller Set in Fracking Country
Ranking
- The Super Bowl could end in a 'three
- ChatGPT is temporarily banned in Italy amid an investigation into data collection
- The SEC charges Lindsay Lohan, Jake Paul and others with illegally promoting crypto
- The Fed raises interest rates again despite the stress hitting the banking system
- The Best Stocking Stuffers Under $25
- Biden’s Bet on Electric Vehicles Is Drawing Opposition from Republicans Who Fear Liberal Overreach
- One winning ticket sold for $1.08 billion Powerball jackpot - in Los Angeles
- Why Taylor Lautner Doesn't Want a Twilight Reboot
Recommendation
IRS recovers $4.7 billion in back taxes and braces for cuts with Trump and GOP in power
Hailey Bieber Breaks the Biggest Fashion Rule After She Wears White to a Friend's Wedding
Jacksonville Jaguars assistant Kevin Maxen becomes first male coach in major U.S. pro league to come out as gay
Alabama executes convicted murderer James Barber in first lethal injection since review after IV problems
Google unveils a quantum chip. Could it help unlock the universe's deepest secrets?
Hundreds of thousands of improperly manufactured children's cups recalled over unsafe lead levels
Tech leaders urge a pause in the 'out-of-control' artificial intelligence race
Yes, You Can Stay at Barbie's Malibu DreamHouse Because Life in Plastic Is Fantastic