Wind and Wave Extremes over the World Oceans from Very Large Ensembles
  Global return values of marine wind speed and significant wave height are estimated from very large aggregates of archived ensemble forecasts at +240-h lead time. Long lead time ensures that the forecasts represent independent draws from the model climate. Compared with ERA-Interim, a reanalysis, the ensemble yields higher return estimates for both wind speed and significant wave height. Confidence intervals are much tighter due to the large size of the dataset. The period (9 yrs) is short enough to be considered stationary even with climate change. Furthermore, the ensemble is large enough for non-parametric 100-yr return estimates to be made from order statistics. These direct return estimates compare well with extreme value estimates outside areas with tropical cyclones. Like any method employing modeled fields, it is sensitive to tail biases in the numerical model, but we find that the biases are moderate outside areas with tropical cyclones. 
{\O}yvind Breivik and Ole Johan Aarnes and Saleh Abdalla and   Jean-Raymond Bidlot and Peter A.E.M. Janssen
physics.ao-ph