Current:Home > ScamsWhen extreme rainfall goes up, economic growth goes down, new research finds -FinanceMind
When extreme rainfall goes up, economic growth goes down, new research finds
View
Date:2025-04-26 06:38:26
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! (28)
Related
- Israel lets Palestinians go back to northern Gaza for first time in over a year as cease
- Kamala Harris’ Favorability Is Sky High Among Young Voters in Battleground States
- Legendary USA TODAY editor Bob Dubill dies: 'He made every newsroom better'
- When is Labor Day 2024? What to know about history of holiday and why it's celebrated
- Romantasy reigns on spicy BookTok: Recommendations from the internet’s favorite genre
- Army Ranger rescues fellow soldier trapped in car as it becomes engulfed in flames: Watch
- Get 50% Off Spanx, 75% Off Lands' End, 60% Off Old Navy, 60% Off Wayfair & Today's Best Deals
- Mayweather goes the distance against Gotti III in Mexico City
- EU countries double down on a halt to Syrian asylum claims but will not yet send people back
- Search continues for woman missing after Colorado River flash flood at Grand Canyon National Park
Ranking
- Rolling Loud 2024: Lineup, how to stream the world's largest hip hop music festival
- Hurricane Hone sweeps past Hawaii, dumping enough rain to ease wildfire fears
- Election 2024 Latest: Harris and Trump campaigns tussle over muting microphones at upcoming debate
- Judge to hear arguments over whether to dismiss Arizona’s fake elector case
- Charges tied to China weigh on GM in Q4, but profit and revenue top expectations
- America's newest monuments unveil a different look at the nation's past
- Manslaughter probe announced in Sicily yacht wreck that killed 7
- Alabama high school football player dies after suffering injury during game
Recommendation
Buckingham Palace staff under investigation for 'bar brawl'
Matthew Stafford's Wife Kelly Stafford Shares Her Advice for Taylor Swift and Fellow Football Wives
The shooting death of a 16-year-old girl by police is among a spate that’s upset Anchorage residents
Police investigate deaths of 5 people in New York City suburb
EU countries double down on a halt to Syrian asylum claims but will not yet send people back
Aaron Judge becomes MLB's first player this season to hit 50 homers
Gunmen kill 31 people in 2 separate attacks in southwestern Pakistan; 12 insurgents also killed
Horoscopes Today, August 24, 2024