In financial and climate modeling, a (or "House World") scenario describes a future where global climate policy efforts are insufficient to halt significant warming, typically resulting in temperature increases of
The NGFS and European Central Bank (ECB) categorize this as the most severe physical risk pathway. house_world
: Assumptions include the preservation of only currently implemented policies, leading to a failure to meet Nationally Determined Contributions (NDCs). In financial and climate modeling, a (or "House
In financial and climate modeling, a (or "House World") scenario describes a future where global climate policy efforts are insufficient to halt significant warming, typically resulting in temperature increases of
The NGFS and European Central Bank (ECB) categorize this as the most severe physical risk pathway.
: Assumptions include the preservation of only currently implemented policies, leading to a failure to meet Nationally Determined Contributions (NDCs).