Global warming intensifies the water cycle and regional water condition differences by changing the surface environment. The ecological system in environmental sensitive areas of China (ESAC) is stressed by water resources, and the ecological effect of dry–wet evolution is even more profound. However, the applicability of different potential evapotranspiration (ET0) assessment methods and the response mechanism of ET0 to climate change remain unknown. In this study, we evaluated the reliability of ETTH, ETHarg, and ETPM derived from Thornthwaite (TH), Hargreaves (Harg), and Penman–Monteith (PM) formulas using the monthly average air temperature (Tavg), maximum air temperature (Tmax), minimum air temperature, sunshine duration (SSD), wind speed (WIN), and relative humidity (RHU) from 1961 to 2018. Further, non-parametric trend analysis, correlation analysis, multiple regression analysis, wavelet analysis, and seasonal and trend decomposition using Loess were used to analyze the spatial–temporal evolution of ET0 and the moisture index (MI) and its relationship with climate change in ESAC from 1961 to 2018. The results are as follows: (1) The P-M formula has excellent applicability in the research area. Under the background of average temperature rising at 0.035 °C yr−1, ETPM decreases with a rate of −0.59 mm yr−1, which indicates the “pan evaporation paradox” phenomenon. Using 1993 as the node, ETPM changed from a significant decrease to an increase. (2) WIN, SSD, Tavg, and Tmax significantly promoted changes in ETPM, and RHU and precipitation (Pr) were mainly reduced. The determinant factor of ETPM change was Tavg from 1961 to 2018. (3) MI change was mainly influenced by Pr, SSD, and ETPM. Pr promoted the change, whereas SSD and ETPM reduced it. The linear combination of ETPM and SSD could explain the change in MI. Our findings verified the applicability of PM in areas with severe interannual precipitation fluctuations, revealing the evolution of dry–wet pattern changes and their driving mechanisms in ESAC, which can deepen the cognition of the law of long-term land surface water cycle and effectively guide the formulation and implementation of regional drought and flood disaster response measures.
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