Earth's water cycle has already begun to change, and these changes will intensify as the climate warms (Allen & Ingram, 2002;Cubasch et al., 2001;Manabe & Wetherald, 1980;Mitchell, 1983), impacting societies and ecosystems throughout the world. The net water flux at the surface -precipitation minus evapotranspiration over land or precipitation minus evaporation over ocean (P − E) -is a key aspect of the water cycle as it regulates oceanic salinity and continental aridity (Allan et al., 2020;Durack et al., 2012;Hartmann, 2016). While globally averaged P − E must be zero both in the present climate and in the future, regional variability in P − E can arise from a range of dynamic and thermodynamic processes which are, in turn, affected by climate change.Over oceans, projected changes in P − E on large scales appear to scale with changes in surface temperature in both the tropics (