[en] Targets agreed to in Paris in 2015 aim to limit global warming to ‘well below 2 °C and to pursue efforts to limit the temperature increase to 1.5 °C above pre-industrial levels’. Despite the far-reaching consequences of this multi-lateral climate change mitigation strategy, the implications for global river flows remain unclear. Here we estimate the impacts of 1.5 °C versus 2.0 °C mitigation scenarios on peak flows by using daily river flow data from a multi-model ensemble which follows the HAPPI Protocol (that is specifically designed to simulate these temperature targets). We find agreement between models with regard to changing risk of river flow extremes. Moreover, we find that the response at 2.0 °C is not a uniform extension of the response at 1.5°, suggesting a non-linear global response of peak flows to the two mitigation levels. Yet committing to the 2.0 °C warming target, rather than 1.5 °C, is projected to lead to an increase in the frequency of occurrence of extreme flows in several large catchments. In the most affected areas, predominantly in South Asia, while region-specific features such as aerosol loads may determine precipitation patterns, we estimate that under our 1.5 °C scenario the historical 1-in-100 year flow occurs with a frequency of 1-in-25 years. At 2.0 °C, similar increases are observed in several global regions. These shifts are also accompanied by changes in the duration of rainy seasons which influence the occurrence of high flows. (letter)