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End date: 2024 × End date: 2024 × Start date: 2020 × DDC: 500 × Publisher: Washington, DC [u.a.] : Assoc. × WGL Institute: PIK ×

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    Better insurance could effectively mitigate the increase in economic growth losses from U.S. hurricanes under global warming
    (Washington, DC [u.a.] : Assoc., 2023) Otto, Christian; Kuhla, Kilian; Geiger, Tobias; Schewe, Jacob; Frieler, Katja
    Global warming is likely to increase the proportion of intense hurricanes in the North Atlantic. Here, we analyze how this may affect economic growth. To this end, we introduce an event-based macroeconomic growth model that temporally resolves how growth depends on the heterogeneity of hurricane shocks. For the United States, we find that economic growth losses scale superlinearly with shock heterogeneity. We explain this by a disproportional increase of indirect losses with the magnitude of direct damage, which can lead to an incomplete recovery of the economy between consecutive intense landfall events. On the basis of two different methods to estimate the future frequency increase of intense hurricanes, we project annual growth losses to increase between 10 and 146% in a 2°C world compared to the period 1980–2014. Our modeling suggests that higher insurance coverage can compensate for this climate change–induced increase in growth losses.
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    Fingerprint of volcanic forcing on the ENSO-Indian monsoon coupling
    (Washington, DC [u.a.] : Assoc., 2020) Singh, M.; Krishnan, R.; Goswami, B.; Choudhury, A. D.; Swapna, P.; Vellore, R.; Prajeesh, A. G.; Sandeep, N.; Venkataraman, C.; Donner, R. V.; Marwan, N.; Kurths, J.
    Coupling of the El Niño-Southern Oscillation (ENSO) and Indian monsoon (IM) is central to seasonal summer monsoon rainfall predictions over the Indian subcontinent, although a nonstationary relationship between the two nonlinear phenomena can limit seasonal predictability. Radiative effects of volcanic aerosols injected into the stratosphere during large volcanic eruptions (LVEs) tend to alter ENSO evolution; however, their impact on ENSO-IM coupling remains unclear. Here, we investigate how LVEs influence the nonlinear behavior of the ENSO and IM dynamical systems using historical data, 25 paleoclimate reconstructions, last-millennium climate simulations, large-ensemble targeted climate sensitivity experiments, and advanced analysis techniques. Our findings show that LVEs promote a significantly enhanced phase-synchronization of the ENSO and IM oscillations, due to an increase in the angular frequency of ENSO. The results also shed innovative insights into the physical mechanism underlying the LVE-induced enhancement of ENSO-IM coupling and strengthen the prospects for improved seasonal monsoon predictions.