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    Assessing inter-sectoral climate change risks: The role of ISIMIP
    (Bristol : IOP Publishing, 2017) Rosenzweig, Cynthia; Arnell, Nigel W.; Ebi, Kristie L.; Lotze-Campen, Hermann; Raes, Frank; Rapley, Chris; Smith, Mark Stafford; Cramer, Wolfgang; Frieler, Katja; Reyer, Christopher P.O.; Schewe, Jacob; van Vuuren, Detlef; Warszawski, Lila
    The aims of the Inter-Sectoral Impact Model Intercomparison Project (ISIMIP) are to provide a framework for the intercomparison of global and regional-scale risk models within and across multiple sectors and to enable coordinated multi-sectoral assessments of different risks and their aggregated effects. The overarching goal is to use the knowledge gained to support adaptation and mitigation decisions that require regional or global perspectives within the context of facilitating transformations to enable sustainable development, despite inevitable climate shifts and disruptions. ISIMIP uses community-agreed sets of scenarios with standardized climate variables and socio-economic projections as inputs for projecting future risks and associated uncertainties, within and across sectors. The results are consistent multi-model assessments of sectoral risks and opportunities that enable studies that integrate across sectors, providing support for implementation of the Paris Agreement under the United Nations Framework Convention on Climate Change.
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    The role of storage dynamics in annual wheat prices
    (Bristol : IOP Publishing, 2017) Schewe, Jacob; Otto, Christian; Frieler, Katja; Bodirsky, Benjamin Leo; Kriegler, Elmar; Lotze-Campen, Hermann; Popp, Alexander
    Identifying the drivers of global crop price fluctuations is essential for estimating the risks of unexpected weather-induced production shortfalls and for designing optimal response measures. Here we show that with a consistent representation of storage dynamics, a simple supply–demand model can explain most of the observed variations in wheat prices over the last 40 yr solely based on time series of annual production and long term demand trends. Even the most recent price peaks in 2007/08 and 2010/11 can be explained by additionally accounting for documented changes in countries' trade policies and storage strategies, without the need for external drivers such as oil prices or speculation across different commodity or stock markets. This underlines the critical sensitivity of global prices to fluctuations in production. The consistent inclusion of storage into a dynamic supply-demand model closes an important gap when it comes to exploring potential responses to future crop yield variability under climate and land-use change.