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Newly assembled bike share bicycles staged for distribution in Philadelphia. Photo: Matt Rourke / AP

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.

Go deeper

Tech scrambles to derail inauguration threats

Illustration: Sarah Grillo/Axios

Tech companies are sharing more information with law enforcement in a frantic effort to prevent violence around the inauguration, after the government was caught flat-footed by the Capitol siege.

Between the lines: Tech knows it will be held accountable for any further violence that turns out to have been planned online if it doesn't act to stop it.

Dave Lawler, author of World
5 hours ago - World

Uganda's election: Museveni declared winner, Wine claims fraud

Wine rejected the official results of the election. Photo: Sumy Sadruni/AFP via Getty

Yoweri Museveni was declared the winner of a sixth presidential term on Saturday, with official results giving him 59% to 35% for Bobi Wine, the singer-turned-opposition leader.

Why it matters: This announcement was predictable, as the election was neither free nor fair and Museveni had no intention of surrendering power after 35 years. But Wine — who posed a strong challenged to Museveni, particularly in urban areas, and was beaten and arrested during the campaign — has said he will present evidence of fraud. The big question is whether he will mobilize mass resistance in the streets.

Off the Rails

Episode 1: A premeditated lie lit the fire

Photo illustration: Sarah Grillo/Axios. Photo: Chip Somodevilla/Getty Images

Beginning on election night 2020 and continuing through his final days in office, Donald Trump unraveled and dragged America with him, to the point that his followers sacked the U.S. Capitol with two weeks left in his term. Axios takes you inside the collapse of a president with a special series.

Episode 1: Trump’s refusal to believe the election results was premeditated. He had heard about the “red mirage” — the likelihood that early vote counts would tip more Republican than the final tallies — and he decided to exploit it.

"Jared, you call the Murdochs! Jason, you call Sammon and Hemmer!”