Current:Home > StocksWhen extreme rainfall goes up, economic growth goes down, new research finds-LoTradeCoin
When extreme rainfall goes up, economic growth goes down, new research finds
View Date:2024-12-24 04:08:53
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! (3)
Related
- Off the Grid: Sally breaks down USA TODAY's daily crossword puzzle, Take the Day Off
- History of the World, Part II: Ike Barinholtz Reveals Mel Brooks’ Advice on “Dirty Jokes”
- North Korea, irate over U.S.-South Korea war games, claims to test sea drone capable of unleashing radioactive tsunami
- Bill Gates and Melinda Gates’ Daughter Jennifer Gives Birth, Welcomes Family’s First Grandchild
- Arkansas governor unveils $102 million plan to update state employee pay plan
- Denmark invites Russian energy giant to help recover mystery object found near Nord Stream pipeline hit by sabotage
- Tom Sandoval Has Not Moved Out Despite Ariana Madix Split
- Jay Leno Reveals His Brand New Face After Car Fire
- Olivia Munn Randomly Drug Tests John Mulaney After Mini-Intervention
- Why Tarek and Heather Rae El Moussa’s New Show is Not a Flip or Flop Redux
Ranking
- OneTaste Founder Nicole Daedone Speaks Out on Sex Cult Allegations Against Orgasmic Meditation Company
- Nickelodeon Kids' Choice Awards 2023 Red Carpet Fashion: See Every Look
- Why Daisy Jones and The Six's Sam Claflin and His Male Co-Stars Were Completely Covered in Makeup
- Tom Sizemore Dead at 61 After Suffering Brain Aneurysm
- Former Disney Star Skai Jackson Is Pregnant, Expecting First Baby With Her Boyfriend
- Pregnant The Ultimatum Star April Marie Reveals Sex of First Baby With Cody Cooper
- Transcript: Sen. Mark Warner on Face the Nation, March 26, 2023
- Below Deck Preview Teases an Awkward Love Triangle Between Ben, Camille and New Stew Leigh-Ann
Recommendation
-
Jordan Chiles Reveals She Still Has Bronze Medal in Emotional Update After 2024 Olympics Controversy
-
Every Bombshell From Alex Murdaugh's Murder Trial Testimony
-
This Iconic Tarte Concealer Sells Once Every 12 Seconds and It’s on Sale for 30% Off
-
How Alexandra Xandra Pohl Is Taking Over TikTok, One Relatable Video at a Time
-
Georgia's humbling loss to Mississippi leads college football winners and losers for Week 11
-
The Bachelor Sneak Peek: Gabi Worries She Might Be Too Much For Zach
-
American tourist disappears while visiting ancient Mayan city
-
Denmark invites Russian energy giant to help recover mystery object found near Nord Stream pipeline hit by sabotage