Study finds global warming will boost economy for warm-weather activities
A new paper uses a big, multi-year dataset from bike-sharing programs in North America to conclude that climate change could boost the wider outdoor recreation economy for warm-weather activities.
Bottom line for North America: The authors see economic gains of $900 million annually for cycling alone and $20.7 billion per year for outdoor recreation more broadly by 2060.
More from the study, conducted by Resources For the Future fellow Casey Wichman and University of Massachusetts resource economics expert Nathan Chan:
- Why study bike-sharing? "[C]ycling shares common attributes with other forms of outdoor recreation, such as running, hiking, and swimming, which are all low-fixed-cost, everyday activities with benefits that depend on the pleasantness of weather conditions," the study notes.
- Why it matters: "Despite extensive research detailing the effects of climate change on economic production, human health, and natural capital, we have relatively few causal estimates of climate change effects in other realms, especially nonmarket activities. In this paper, we help fill this gap by quantifying impacts for leisure," the paper states.
- Yes, but: They're not saying global warming is a good thing. The authors note in a blog post that climate change will impose huge net costs on the U.S. and elsewhere, but add that their research can help with providing a full accounting for its many impacts.