House_world -

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

: High emissions lead to irreversible biophysical changes, including drastic sea-level rise and a non-linear increase in extreme weather events. 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

The NGFS and European Central Bank (ECB) categorize this as the most severe physical risk pathway. In financial and climate modeling

: Because aggressive decarbonization is not attempted, the immediate costs of shifting to a green economy (e.g., carbon taxes, early asset retirement) are negligible.