Weather extremes can cause economic ripples along supply chains. If they occur at roughly the same time, the ripples start interacting and can amplify, even if they occur at completely different places around the world, a new study shows. The resulting economic losses are greater than the sum of the initial events, the researchers find in computer simulations of the global economic network. Rich economies are affected more strongly than poor ones, according to the calculations. Currently, weather extremes around the world are increasing due to greenhouse gas emissions from burning fossil fuels. If events happen simultaneously or in quick succession, even at different places on the planet, their economic repercussions can become much bigger than previously thought.
Click here for original story, The ripple factor: Economic losses from weather extremes can amplify each other across the world
Source: Phys.org