: Because aggressive decarbonization is not attempted, the immediate costs of shifting to a green economy (e.g., carbon taxes, early asset retirement) are negligible.
The NGFS and European Central Bank (ECB) categorize this as the most severe physical risk pathway. house_world
: High emissions lead to irreversible biophysical changes, including drastic sea-level rise and a non-linear increase in extreme weather events. : Because aggressive decarbonization is not attempted, the
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 In financial and climate modeling, a (or "House
or more by 2100. This report outlines the core characteristics, economic impacts, and limitations of this trajectory as defined by organizations like the . Core Scenario Characteristics
: Assumptions include the preservation of only currently implemented policies, leading to a failure to meet Nationally Determined Contributions (NDCs).