Current:Home > FinanceWhen extreme rainfall goes up, economic growth goes down, new research finds -TruePath Finance
When extreme rainfall goes up, economic growth goes down, new research finds
View
Date:2025-04-14 15:30:03
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! (2321)
Related
- Israel lets Palestinians go back to northern Gaza for first time in over a year as cease
- Hottest year ever, what can be done? Plenty: more renewables and nuclear, less methane and meat
- After soft launch challenges, FAFSA 2024-25 form is now available 24/7, Dept of Ed says
- Secret tunnel in NYC synagogue leads to brawl between police and worshippers
- Off the Grid: Sally breaks down USA TODAY's daily crossword puzzle, Triathlon
- Budget agreement may include IRS cuts that curb plan to crack down on wealthy tax cheats
- Finding a remote job is getting harder, especially if you want a high-earning job
- Illinois' Terrence Shannon Jr. files restraining order against school following suspension
- DeepSeek: Did a little known Chinese startup cause a 'Sputnik moment' for AI?
- Michigan’s ability to contend for repeat national title hinges on decisions by Harbaugh, key players
Ranking
- From family road trips to travel woes: Americans are navigating skyrocketing holiday costs
- Tiger Woods and Nike have ended their partnership after 27 years
- Former Michigan staffer Connor Stalions breaks silence after Wolverines win national title
- Marin Alsop to become Philadelphia Orchestra’s principal guest conductor next season
- 2025 'Doomsday Clock': This is how close we are to self
- Under growing pressure, Meta vows to make it harder for teens to see harmful content
- Jennifer Lopez laughs off 'Sad Affleck' memes, says Ben is 'happy'
- Intensified Russian airstrikes are stretching Ukraine’s air defense resources, officials say
Recommendation
Could your smelly farts help science?
Kremlin foe Navalny says he’s been put in a punishment cell in an Arctic prison colony
Hezbollah launches drone strike on base in northern Israel. Israel’s military says there’s no damage
When will the IRS accept 2024 returns? Here's when you can start filing your taxes.
Tarte Shape Tape Concealer Sells Once Every 4 Seconds: Get 50% Off Before It's Gone
Michigan deserved this title. But the silly and unnecessary scandals won't be forgotten.
Sinéad O'Connor died of natural causes, coroner says
Firefighters investigate cause of suspected gas explosion at historic Texas hotel that injured 21