Current:Home > StocksWhen extreme rainfall goes up, economic growth goes down, new research finds -Streamline Finance
When extreme rainfall goes up, economic growth goes down, new research finds
View
Date:2025-04-17 04:51:26
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! (3)
Related
- 'Stranger Things' prequel 'The First Shadow' is headed to Broadway
- Pakistan arrests 17 suspects in connection to the weekend bus shooting that killed 10
- KISS delivers explosive final concert in New York, debuts digital avatars in 'new era'
- Fire blamed on e-bike battery kills 1, injures 6 in Bronx apartment building
- A South Texas lawmaker’s 15
- Atmospheric rivers forecast for Pacific Northwest, with flood watches in place
- San Francisco’s Brock Purdy throws 4 TD passes as 49ers thump injured Hurts, Eagles 42-19
- Friends Actress Marlo Thomas Shares Sweet Memory of Matthew Perry on Set
- Shilo Sanders' bankruptcy case reaches 'impasse' over NIL information for CU star
- San Francisco’s Brock Purdy throws 4 TD passes as 49ers thump injured Hurts, Eagles 42-19
Ranking
- Working Well: When holidays present rude customers, taking breaks and the high road preserve peace
- Who killed Heidi Firkus? Her husband Nick says he didn't do it.
- 'Colin From Accounts' deserves a raise
- Gore blasts COP28 climate chief and oil companies’ emissions pledges at UN summit
- JoJo Siwa reflects on Candace Cameron Bure feud: 'If I saw her, I would not say hi'
- NFL playoff picture: Packers leap into NFC field, Chiefs squander shot at lead for top seed
- Alaska Air to buy Hawaiian Airlines in a $1.9 billion deal with debt
- Alaska Airlines to buy Hawaiian Airlines in $1.9 billion deal
Recommendation
Kylie Jenner Shows Off Sweet Notes From Nieces Dream Kardashian & Chicago West
Why this College Football Playoff shapes up as the most unpredictable ever
20 years after ‘Sideways,’ Paul Giamatti may finally land his first best actor Oscar nomination
Smackdown by 49ers should serve as major reality check for Eagles
US appeals court rejects Nasdaq’s diversity rules for company boards
'We do not have insurance. We have an insurance bill': Condos hit with 563% rate increase
AP PHOTOS: 2023 was marked by coups and a Moroccan earthquake on the African continent
UN warns that 2 boats adrift on Andaman Sea with 400 Rohingya aboard desperately need rescue