This workshop was the first in a series of OECD workshops that aim to inform and feed into the OECD project on losses and damages.
Losses and damages from climate change
The objective of this OECD project is to prepare a report that will explore climate impact projections as well as different types and levels of relevant uncertainties and what they mean for approaches to managing such impacts. On that basis, it will provide an overview of existing and emerging approaches and the key scientific and socio-economic issues relevant to limiting and managing the risks of losses and damages from climate change in the context of uncertainty. The role of policy, finance and technology will be highlighted. This will be complemented by a discussion on how these different approaches affect incentives for action at national, regional and international levels. The analysis will be global in scale but throughout the circumstances of different geographic areas or groupings will be highlighted with a particular focus on Least Developed Countries and Small Islands Developing States. This will result in a report that will be launched around the time of COP26.
Workshop on Assessing the socio-economic losses and damages from climate change
This first virtual workshop on 13 January has focused on methodological approaches to assess the socio-economic losses and damages from climate change. It has facilitated a discussion on the different methodological approaches of eliciting socio-economic losses and damages, their opportunities, limitations and possible complementarities. This has included outcomes that can be quantified, but also broader welfare losses, which are harder or impossible to monetise.
The questions that have been explored include:
The workshop was held as a virtual event (using Zoom), under the Chatham House rule. The key outcomes of the discussion will be summarised in a short note following the workshop (with no attribution).
Session 1: Key issues (intangible losses; migration; ecosystems)
Session 2: General methodological approaches