Most of South America, particularly the region between the southern Amazon and southeastern Brazil, as well as a large part of the La Plata Basin, has its climate regulated by the South American Monsoon System. Extreme weather and climate events in these areas have significant socioeconomic impacts. The Madeira, São Francisco, and Paraná river basins, three major watersheds in Brazil, are especially vulnerable to wet and drought periods due to their importance as freshwater ecosystems and sources of water for consumption, energy generation, and agriculture. The scarcity of surface meteorological stations in these basins makes meteorological studies challenging, often using reanalysis and satellite data. This study aims to identify extreme weather (wet) and climate (wet and drought) events during the extended wet season (October to March) from 1980 to 2022 and evaluate the performance of two gridded datasets (CPC and ERA5) to determine which best captures the observed patterns in the Madeira, São Francisco, and Paraná river basins. Wet weather events were identified using the 95th percentile, and wet and drought periods were identified using the Standardized Precipitation Index (SPI) on a 6-month scale. In general, CPC data showed slightly superior performance compared to ERA5 in reproducing statistical measures. For extreme day precipitation, both datasets captured the time series pattern, but CPC better reproduced extreme values and trends. The results also indicate a decrease in wet periods and an increase in drought events. Both datasets performed well, showing they can be used in the absence of station data.
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