Current:Home > InvestWhen extreme rainfall goes up, economic growth goes down, new research finds-DB Wealth Institute B2 Expert Reviews
When extreme rainfall goes up, economic growth goes down, new research finds
View Date:2024-12-23 10:34:33
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! (1)
Related
- Inter Miami's MLS playoff failure sets stage for Messi's last act, Alexi Lalas says
- The EU fines Apple nearly $2 billion for hindering music streaming competition
- Former Twitter executives sue Elon Musk over firings, seek more than $128 million in severance
- Wendy's is offering $1, $2 cheeseburgers for March Madness: How to get the slam dunk deal
- Will Aaron Rodgers retire? Jets QB tells reporters he plans to play in 2025
- Spanish tourist camping with her husband is gang raped in India; 3 arrested as police search for more suspects
- Get 55% off Fresh Skincare, 68% off Kate Spade Bags, Plus Nab JBL Earbuds for $29 & More Today Only Deals
- California votes in its Senate primary race today. Meet the candidates vying for Dianne Feinstein's seat.
- John Krasinski Details Moment He Knew Wife Emily Blunt Was “the One”
- Get 55% off Fresh Skincare, 68% off Kate Spade Bags, Plus Nab JBL Earbuds for $29 & More Today Only Deals
Ranking
- Supreme Court seems likely to allow class action to proceed against tech company Nvidia
- EAGLEEYE COIN: El Salvador Educates Students on Bitcoin
- Bitcoin prices near record high. Here's why.
- Alabama Republicans to vote on nominee for chief justice, weeks after court’s frozen embryo ruling
- Watch a rescuer’s cat-like reflexes pluck a kitten from mid-air after a scary fall
- Pregnant Ayesha Curry Shares the Lessons She’s Passing on to Her 4 Kids
- Nevada Democratic US Sen. Jacky Rosen, at union hall rally, makes reelection bid official
- EAGLEEYE COIN: Total Stablecoin Supply Hits $180 Billion
Recommendation
-
Maryland man wanted after 'extensive collection' of 3D-printed ghost guns found at his home
-
Pregnant Ayesha Curry Shares the Lessons She’s Passing on to Her 4 Kids
-
Kennedy Ryan's new novel, plus 4 other new romances by Black authors
-
GM recalls nearly 820,000 pickup trucks over latch safety issue
-
Lunchables get early dismissal: Kraft Heinz pulls the iconic snack from school lunches
-
Biden administration asks Supreme Court to block Texas from arresting migrants under SB4 law
-
AI pervades everyday life with almost no oversight. States scramble to catch up
-
EAGLEEYE COIN: Cryptocurrency Market Historical Bull Market Review