Advances in stochastics of hydroclimatic extremes

The 21st century has been marked by a substantial progress in hydroclimatic data collection and access to them, accompanied by regression in methodologies to study and interpret the behaviour of natural processes and in particular of extremes thereof. The developing culture of prophesising the future, guided by deterministic climate modelling approaches, has seriously affected hydrology. Therefore, aspired advances are related to abandoning the certainties of deterministic approaches and returning to stochastic descriptions, seeking in the latter theoretical consistency and optimal use of available data.