Current:Home > reviewsWhen extreme rainfall goes up, economic growth goes down, new research finds -QuantumFunds
When extreme rainfall goes up, economic growth goes down, new research finds
View
Date:2025-04-27 03:28:41
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
- Former Danish minister for Greenland discusses Trump's push to acquire island
- Christian Bale breaks ground on foster homes he's fought for 16 years to see built
- Sheriff’s deputies corral wayward kangaroo near pool at Florida apartment complex
- Food Network star Duff Goldman says hand injury is 'pretty bad' after car crash
- Jamie Foxx gets stitches after a glass is thrown at him during dinner in Beverly Hills
- Wyoming, Slow To Take Federal Clean Energy Funds, Gambles State Money on Carbon Sequestration and Hydrogen Schemes to Keep Fossil Fuels Flowing
- Netanyahu rejects Hamas' Gaza cease-fire demands, says troops will push into Rafah
- NYC vigilantes 'Guardian Angels' tackle New Yorker on live TV, misidentify him as migrant
- 'Most Whopper
- What if the government abolished your 401(k)? Economists say accounts aren't worth it
Ranking
- Appeals court scraps Nasdaq boardroom diversity rules in latest DEI setback
- Mark Ruffalo's Rare Outing With Lookalike Kids Proves They're Not 13 Anymore
- Jon Stewart changed late-night comedy once. Can he have a second act in different times?
- Former Nickelodeon Stars to Detail Alleged Abuse in Quiet on Set Docuseries
- Rylee Arnold Shares a Long
- Astronomers find evidence of ocean world beneath surface of Saturn's tiny 'Death Star' moon
- Henry Fambrough, the last surviving original member of The Spinners, dies at 85
- Spencer Dinwiddie leads top NBA potential buyout candidates
Recommendation
'As foretold in the prophecy': Elon Musk and internet react as Tesla stock hits $420 all
Thank goodness 'Abbott Elementary' is back
Henry Fambrough, the last surviving original member of The Spinners, dies at 85
5 Marines aboard helicopter that crashed outside San Diego confirmed dead
Buckingham Palace staff under investigation for 'bar brawl'
The Rock expected the hate from possible WrestleMania match, calls out 'Cody crybabies'
Khloe Kardashian Shows Off Son Tatum Thompson’s Growth Spurt in New Photos
Storms dump heavy snowfall in northern Arizona after leaving California a muddy mess