Losses and Damages from Climate Change
The OECD project on losses and damages from climate change unpacks available understanding of climate risks, including the inherent uncertainties in our understanding of the risks, and the implications for reducing and managing future losses and damages. The project examines the role of policy, finance and technology, as well as incentives for action at national, regional and international levels. It also highlights the nature of the economic and non-economic impacts of climate change, particularly for the most vulnerable people and communities.
The OECD project on losses and damages from climate change unpacks available understanding of climate risks, including the inherent uncertainties in our understanding of the risks, and the implications for reducing and managing future losses and damages. The project examines the role of policy, finance and technology, as well as incentives for action at national, regional and international levels. It also highlights the nature of the economic and non-economic impacts of climate change, particularly for the most vulnerable people and communities.
News
15 April | Background note and summary of the second workshop
13 January | Background note and summary of the first workshop
High-Level Advisory Group
A High-Level Advisory Group has been established to provide input and feedback on the development of the project. The group is composed of representatives from countries, development finance institutions, academic and other national and international actors. It is co-chaired by Masamichi Kono, OECD Deputy Secretary-General and Maria Flachsbarth, Parliamentary State Secretary, German Federal Ministry for Economic Cooperation and Development (BMZ).
Events
Two workshops have been organised as input to the project to explore different perspectives related to the risks of losses and damages from climate change and approaches to reduce and manage those risks.
- Second workshop on approaches to reduce and manage the risks of losses and damages | 15 April 2021
The workshop facilitated a discussion on approaches to limit and manage the risk of losses and damages from climate change, focusing on the role of policy and finance. The workshop explored how different approaches can inform risk management in the context of deep uncertainty to build resilience and how they affect incentives for action.
- First workshop on assessing the socio-economic losses and damages from climate change | 13 January 2021
The workshop focused on methodological approaches to assess the socio-economic losses and damages from climate change highlighting opportunities, limitations and possible complementarities. The discussion explored outcomes that can be quantified, but also broader welfare losses, which are harder or impossible to monetise.
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