Current:Home > StocksWhen extreme rainfall goes up, economic growth goes down, new research finds -VitalEdge Finance Pro
When extreme rainfall goes up, economic growth goes down, new research finds
View
Date:2025-04-26 07:07:51
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! (2)
Related
- A Mississippi company is sentenced for mislabeling cheap seafood as premium local fish
- How many men's Final Fours has Purdue made? Boilermakers March Madness history explained
- Full transcript of Face the Nation, April 7, 2024
- Drake Bell Defends Josh Peck From “Attack” After Quiet on Set
- NCAA President Charlie Baker would be 'shocked' if women's tournament revenue units isn't passed
- Israeli military fires 2 officers as probe blames World Central Kitchen deaths on mistaken identification
- Key Bridge cleanup crews begin removing containers from Dali cargo ship
- Influencer Jackie Miller James Introduces Fans to Her Baby Girl Amid Aneurysm Recovery
- Sonya Massey's father decries possible release of former deputy charged with her death
- Israel finds the body of a hostage killed in Gaza while negotiators say talks will resume on a cease-fire
Ranking
- Bet365 ordered to refund $519K to customers who it paid less than they were entitled on sports bets
- South Carolina joins elite company. These teams went undefeated, won national title
- When is the next total solar eclipse in the US after 2024 and what is its path? What to know
- Is AI racially biased? Study finds chatbots treat Black-sounding names differently
- Sam Taylor
- Deion Sanders rips Colorado football after professor says players disrespectful in class
- See the evidence presented at Michelle Troconis' murder conspiracy trial
- 50 positive life quotes to inspire, and lift your spirit each day
Recommendation
Google unveils a quantum chip. Could it help unlock the universe's deepest secrets?
Little Big Town Reveals Taylor Swift’s Surprising Backstage Activity
Noah Cyrus Likes Liam Hemsworth's Gym Selfie Amid Family Rift Rumors
GOP lawmaker says neo-Nazi comments taken out of context in debate over paramilitary training
Organizers cancel Taylor Swift concerts in Vienna over fears of an attack
Salvage crews have begun removing containers from the ship that collapsed Baltimore’s Key bridge
When is the next total solar eclipse in the US after 2024 and what is its path? What to know
New Jersey officials drop appeal of judge’s order to redraw Democratic primary ballot