Tuesday, May 29, 2018

Global warming, global trade means floods in China will likely harm U.S. economy

"Economic losses might be down-streamed along the global trade and supply network affecting other economies on a global scale," said researcher Sven Willner. 
By Brooks Hays | May 29, 2018 

Road signs partly vanish under a swollen Yangtze River in Chongqing on August 24, 2010. The flooding from torrential summer rains, which has killed at least 700 people and displaced millions, was the worst China had suffered in more than a decade. Photo by UPI/Stephen Shaver 

May 28 (UPI) -- New research suggests climate change is likely to cause more frequent and more destructive flooding in China, triggering economic losses at home and abroad -- including the U.S. economy.
"Climate change will increase flood risks already in the next two decades -- and this is not only a problem for millions of people but also for economies worldwide," Anders Levermann, researcher at the Potsdam Institute for Climate Impact Research in Germany, said in a news release. 

Levermann and his colleagues modeled flooding risk in China and its effects on the economies of China's trade partners.
"Through supply shortages, changes in demand and associated price signals, economic losses might be down-streamed along the global trade and supply network affecting other economies on a global scale -- we were surprised about the size of this rather worrying effect," said Potsdam researcher Sven Willner.

The researchers' models used algorithms designed to measure global risk assessment for natural hazards, as well as algorithms inspired by network theory. Together, the model's components helped scientists understand how localized economic shocks propagate in time and space.

The simulations, detailed in the journal Nature Climate Change, provided a reminder that natural disasters can impact the entire global community.

China could suffer as much as $380 billion in economic losses due to flooding over the next 20 years. Such losses would likely trigger direct and indirect economic losses in the United States. The new models suggest increased flooding in China will cause direct losses of $30 billion and indirect losses of $170 billion over the 20 years.

Europe is likely to suffer more modest losses due to their more balanced trade relationship with China, the models showed.
"The U.S. imports much more from China than it exports to this country," Willner said. "This leaves the U.S. more susceptible to climate-related risks of economic losses passed down along the global supply and trade chain."

While the globalized nature of the economy ensures local impacts are felt around the world, it also allows supply chains to readjust, buffering economies against more dramatic losses. These buffering benefits offered by the globalized economy are most fully realized by countries engaging in balanced trade.
According to the new study, President Trump's plans to subject more Chinese imports to tariffs could make the United States more vulnerable to climate-related economic shocks.

"As our study suggests, under climate change, the more reasonable strategy is a well-balanced economic connectivity, because it allows to compensate economic damages from unexpected weather events -- of which we expect more in the future," said Levermann.

Thanx  Brooks Hays

Knight Sha  C.


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  1. Howey sweet baby ,
    This post is an eye opener , climate change effects every faze of our lives . tRUMP the chump has really screwed up not only the US but the whole world , , the fool don't know his butt from a hole in the ground , tRUMP care about nothing but himself and taking his Cheeto rump on the golf course .
    Great post my darling keep spreading the word/
    Love you a bunch
    Knight Mama

    PS: Has anyone seen Man's Post , daddy said he hid it Hahahaha love your NRSC ads on the idiot Clown .That fool gives clowns a bad name .
    Love Mama

    1. Hi Mama,
      It's amazing how the climate affects everything everything , I son't understand how and why there is so many deniers , this is not a heat wave , they should learn to read and notice what's happening , Jenny said that is impossible for some people because the heat has addled their brains . Man has his post well hid , mama you are right the idiot clown don't need make up .
      Love you Mama
      Knight Sha C.

  2. May 29 , 2018
    This minth------525

  3. hahahaha! Your mama's comment made me laugh. She makes me laugh a lot. I like the way she speaks her mind.
    I have seen videos of the flooding in China. Oh my gosh, Crusader, they were horrible. The worst floods I have ever seen. So much damage and loss of life. And crops under several feet of water. You are not kidding about their economy taking a major hit and affecting other countries.
    Love that NRSC ad...hahaha!
    Much love Aunt Jeannie

    1. Aunt Jeannie ,
      Mama is never at a lost for words and she remembers everything , poppa said mama is like a fresh breath of cool air daddy said that's why mama is a great work enforcer she says exactly what she thinks . When she speaks of Mr. Trump she is never at a lot for words
      Aunt Jeannie the videos of the flooding is not movies it's in real time , oh well I guess the deniers has been out in the sun too long .
      We got a kick out of the NDRC ads anything to make people take notice.
      Love back at You
      Knight Sha C.