Paris Climate Agreement passes the cost-benefit test

The Paris Climate Agreement aims to keep temperature rise well below 2 °C. This implies mitigation costs as well as avoided climate damages. Here we show that independent of the normative assumptions of inequality aversion and time preferences, the agreement constitutes the economically optimal policy pathway for the century. To this end we consistently incorporate a damage-cost curve reproducing the observed relation between temperature and economic growth into the integrated assessment model DICE. We thus provide an inter-temporally optimizing cost-benefit analysis of this century’s climate problem. We account for uncertainties regarding the damage curve, climate sensitivity, socioeconomic future, and mitigation costs. The resulting optimal temperature is robust as can be understood from the generic temperature-dependence of the mitigation costs and the level of damages inferred from the observed temperature-growth relationship. Our results show that the politically motivated Paris Climate Agreement also represents the economically favourable pathway, if carried out properly

Regions of intensification of extreme snowfall under future warming

Due to climate change the frequency and character of precipitation are changing as the hydrological cycle intensifies. With regards to snowfall, global warming has two opposing influences; increasing humidity enables intense snowfall, whereas higher temperatures decrease the likelihood of snowfall. Here we show an intensification of extreme snowfall across large areas of the Northern Hemisphere under future warming. This is robust across an ensemble of global climate models when they are bias-corrected with observational data. While mean daily snowfall decreases, both the 99th and the 99.9th percentiles of daily snowfall increase in many regions in the next decades, especially for Northern America and Asia. Additionally, the average intensity of snowfall events exceeding these percentiles as experienced historically increases in many regions. This is likely to pose a challenge to municipalities in mid to high latitudes. Overall, extreme snowfall events are likely to become an increasingly important impact of climate change in the next decades, even if they will become rarer, but not necessarily less intense, in the second half of the century

Economic losses from hurricanes cannot be nationally offset under unabated warming

Tropical cyclones range among the costliest of all meteorological events worldwide and planetary scale warming provides more energy and moisture to these storms. Modelling the national and global economic repercussions of 2017’s Hurricane Harvey, we find a qualitative change in the global economic response in an increasingly warmer world. While the United States were able to balance regional production failures by the original 2017 hurricane, this option becomes less viable under future warming. In our simulations of over 7000 regional economic sectors with more than 1.8 million supply chain connections, the US are not able to offset the losses by use of national efforts with intensifying hurricanes under unabated warming. At a certain warming level other countries have to step in to supply the necessary goods for production, which gives US economic sectors a competitive disadvantage. In the highly localized mining and quarrying sector—which here also comprises the oil and gas production industry—this disadvantage emerges already with the original Hurricane Harvey and intensifies under warming. Eventually, also other regions reach their limit of what they can offset. While we chose the example of a specific hurricane impacting a specific region, the mechanism is likely applicable to other climate-related events in other regions and other sectors. It is thus likely that the regional economic sectors that are best adapted to climate change gain significant advantage over their competitors under future warming

Evaluation of river flood extent simulated with multiple global hydrological models and climate forcings

Global flood models (GFMs) are increasingly being used to estimate global-scale societal and economic risks of river flooding. Recent validation studies have highlighted substantial differences in performance between GFMs and between validation sites. However, it has not been systematically quantified to what extent the choice of the underlying climate forcing and global hydrological model (GHM) influence flood model performance. Here, we investigate this sensitivity by comparing simulated flood extent to satellite imagery of past flood events, for an ensemble of three climate reanalyses and 11 GHMs. We study eight historical flood events spread over four continents and various climate zones. For most regions, the simulated inundation extent is relatively insensitive to the choice of GHM. For some events, however, individual GHMs lead to much lower agreement with observations than the others, mostly resulting from an overestimation of inundated areas. Two of the climate forcings show very similar results, while with the third, differences between GHMs become more pronounced. We further show that when flood protection standards are accounted for, many models underestimate flood extent, pointing to deficiencies in their flood frequency distribution. Our study guides future applications of these models, and highlights regions and models where targeted improvements might yield the largest performance gains

Post-Brexit no-trade-deal scenario: Short-term consumer benefit at the expense of long-term economic development

After the United Kingdom has left the European Union it remains unclear whether the two parties can successfully negotiate and sign a trade agreement within the transition period. Ongoing negotiations, practical obstacles and resulting uncertainties make it highly unlikely that economic actors would be fully prepared to a “no-trade-deal” situation. Here we provide an economic shock simulation of the immediate aftermath of such a post-Brexit no-trade-deal scenario by computing the time evolution of more than 1.8 million interactions between more than 6,600 economic actors in the global trade network. We find an abrupt decline in the number of goods produced in the UK and the EU. This sudden output reduction is caused by drops in demand as customers on the respective other side of the Channel incorporate the new trade restriction into their decision-making. As a response, producers reduce prices in order to stimulate demand elsewhere. In the short term consumers benefit from lower prices but production value decreases with potentially severe socio-economic consequences in the longer term

Global warming and population change both heighten future risk of human displacement due to river floods

Every year, millions of people around the world are being displaced from their homes due to climate-related disasters. River flooding is responsible for a large part of this displacement. Previous studies have shown that river flood risk is expected to change as a result of global warming and its effects on the hydrological cycle. At the same time, future scenarios of socio-economic development imply substantial population increases in many of the areas that presently experience disaster-induced displacement. Here we show that both global warming and population change are projected to lead to substantial increases in flood-induced displacement risk over the coming decades. We use a global climate-hydrology-inundation modelling chain, including multiple alternative climate and hydrological models, to quantify the effect of global warming on displacement risk assuming either current or projected future population distributions. Keeping population fixed at present levels, we find roughly a 50% increase in global displacement risk for every degree of global warming. Adding projected population changes further exacerbates these increases globally and in most world regions, with the relative global flood displacement risk is increasing by roughly 350% at the end of the 21st century, compared to an increase of 150% without the contribution of population change. While the resolution of the global models is limited, the effect of global warming is robust across greenhouse gas concentration scenarios, climate models and hydrological models. These findings indicate a need for rapid action on both climate mitigation and adaptation agendas in order to reduce future risks to vulnerable populations

Modelling nonlinear dynamics of interacting tipping elements on complex networks: the PyCascades package

Tipping elements occur in various systems such as in socio-economics, ecology and the climate system. In many cases, the individual tipping elements are not independent of each other, but they interact across scales in time and space. To model systems of interacting tipping elements, we here introduce the PyCascades open source software package for studying interacting tipping elements (https://doi.org/10.5281/zenodo.4153102). PyCascades is an object-oriented and easily extendable package written in the programming language Python. It allows for investigating under which conditions potentially dangerous cascades can emerge between interacting dynamical systems, with a focus on tipping elements. With PyCascades it is possible to use different types of tipping elements such as double-fold and Hopf types and interactions between them. PyCascades can be applied to arbitrary complex network structures and has recently been extended to stochastic dynamical systems. This paper provides an overview of the functionality of PyCascades by introducing the basic concepts and the methodology behind it. In the end, three examples are discussed, showing three different applications of the software package. First, the moisture recycling network of the Amazon rainforest is investigated. Second, a model of interacting Earth system tipping elements is discussed. And third, the PyCascades modelling framework is applied to a global trade network