Home Publications Policy Brief Accounting for Non Economic Loss & Damage changes perspective of L&D as a whole

Accounting for Non Economic Loss & Damage changes perspective of L&D as a whole

1 min read
1
998

Adverse impacts induced by climate change is already occurring and manifesting in the form of losses and damages which are expected to accelerate as climate change worsens and tipping points in eccological systems are reached. Failure to address climate-driven loss can trap populations in a state of vulnerability.

Such kinds of losses and damages can be either economic or non-economic in nature. Economic losses and damages can be measured using market prices. In contrast, non-economic loss and damage (or ‘NELD’) refers to a broad range of harmful impacts that are not so easily quantified, especially in financial terms. This makes it difficult to evaluate the non economic nature and the intensity of the losses and damages faced by frontline communities.


The Full Policy Brief Available Here [PDF]

 

Example fallback content: This browser does not support PDFs. Please download the PDF to view it: Download PDF.

Load More Related Articles
Load More By Fauzia web admin
Load More In Policy Brief

Check Also

Valuing a values-based approach for assessing loss and damage

Anthropogenic climate change is causing widespread losses and damages to what people value…