Current:Home > NewsWhen extreme rainfall goes up, economic growth goes down, new research finds -NextFrontier Finance
When extreme rainfall goes up, economic growth goes down, new research finds
View
Date:2025-04-19 13:53:22
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! (46334)
Related
- 2025 'Doomsday Clock': This is how close we are to self
- African birds of prey show signs of population collapse, researchers say
- Tearful Derek Hough Dedicates Emmy Win to Beautiful Wife Hayley Erbert After Skull Surgery
- Blue Ivy Carter turns 12 today. Take a look back at her top moments over the years
- North Carolina trustees approve Bill Belichick’s deal ahead of introductory news conference
- Lawsuit limits and antisemitism are among topics Georgia lawmakers plan to take on in 2024
- Golden Globes 2024: Will Ferrell Reveals If He’d Sign On For a Ken-Centric Barbie Sequel
- Love comes through as Packers beat Bears 17-9 to clinch a playoff berth
- Taylor Swift Eras Archive site launches on singer's 35th birthday. What is it?
- Colman Domingo Reacts to Rumor He's Replacing Jonathan Majors as Kang in the Marvel Cinematic Universe
Ranking
- IRS recovers $4.7 billion in back taxes and braces for cuts with Trump and GOP in power
- Josh Allen rallies Bills for 21-14 win over Dolphins. Buffalo secures No. 2 seed in AFC
- How did Washington reach national title game? It starts with ice-cold coach Kalen DeBoer
- Mario Zagallo funeral: Brazil pays its last respects to World Cup great
- Trump suggestion that Egypt, Jordan absorb Palestinians from Gaza draws rejections, confusion
- Browns vs. Texans playoff preview: AFC rematch in wild-card round
- ‘Soldiers of Christ’ killing unsettles Korean Americans in Georgia and stokes fear of cults
- How did Washington reach national title game? It starts with ice-cold coach Kalen DeBoer
Recommendation
Current, future North Carolina governor’s challenge of power
Golden Globes 2024: Sam Claflin Reveals How Stevie Nicks Reacted to Daisy Jones & the Six
Billie Eilish's Chic 2024 Golden Globes Look Proves She's Made for the Red Carpet
Why Fans Think Taylor Swift and Selena Gomez Had Juicy Conversation at Golden Globes
San Francisco names street for Associated Press photographer who captured the iconic Iwo Jima photo
Liz Cheney on whether Supreme Court will rule to disqualify Trump: We have to be prepared to defeat him at ballot box
Live updates | Fighting near central Gaza hospital prompts medics, patients and others to flee south
Full transcript of Face the Nation, Jan. 7, 2024