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Abstract Natural and social systems worldwide are impacted by climate modes such as the El Niño/Southern Oscillation (ENSO), Pacific Decadal Oscillation (PDO) and Atlantic Multidecadal Oscillation (AMO), making it imperative to understand their sensitivity to climate change. Paleoclimate studies extend the observational climate baseline, and speleothem records (δ¹⁸O_spel) are a common data source. However, relationships between δ¹⁸O_speland climate modes are uncertain; climate models provide a way to test the strength and stability of these relationships. Here, we use the isotope‐enabled Community Earth System Model's Last Millennium Ensemble combined with a forward proxy model to delineate the global expression of modal variability in “pseudo‐stalagmite” (δ¹⁸O_spel) records worldwide. The modeled δ¹⁸O_spelspatially correlates with modal signatures. However, substantial changes in modal variance only modestly affect individual δ¹⁸O_spelvariance. A network of δ¹⁸O_spelrecords, particularly one that straddles the Pacific, significantly improves the reconstructability of ENSO variance. 

Variability in hydroclimate impacts natural and human systems worldwide. In particular, both decadal variability and extreme precipitation events have substantial effects and are anticipated to be strongly influenced by climate change. From a practical perspective, these impacts will be felt relative to the continuously evolving background climate. Removing the underlying forced trend is therefore necessary to assess the relative impacts, but to date, the small size of most climate model ensembles has made it difficult to do this. Here we use an archive of large ensembles run under a high-emissions scenario to determine how decadal “megadrought” and “megapluvial” events—and shorter-term precipitation extremes—will vary relative to that changing baseline. When the trend is retained, mean state changes dominate: In fact, soil moisture changes are so large in some regions that conditions that would be considered a megadrought or pluvial event today are projected to become average. Time-of-emergence calculations suggest that in some regions including Europe and western North America, this shift may have already taken place and could be imminent elsewhere: Emergence of drought/pluvial conditions occurs over 61% of the global land surface (excluding Antarctica) by 2080. Relative to the changing baseline, megadrought/megapluvial risk either will not change or is slightly reduced. However, the increased frequency and intensity of both extreme wet and dry precipitation events will likely present adaptation challenges beyond anything currently experienced. In many regions, resilience against future hazards will require adapting to an ever-changing “normal,” characterized by unprecedented aridification/wetting punctuated by more severe extremes.