Spotlighting the finance gap
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Authors
Stamp Out Poverty
Heinrich Boll Stiftung
Practical Action
Action Aid
Bread for the World
Issue Date
2021
Type
Language
en
Keywords
Climate Change , Disasters
Alternative Title
Unpacking finance for loss and damage paper three
Abstract
Loss and damage has been defined as the
impacts of climate change which are not avoided
by mitigation, adaptation and other measures.
Loss and
damage includes permanent and irreversible
losses such as to lives, livelihoods, homes
and territory, for which an economic value
can be calculated and also to non-economic
impacts, such as the loss of culture, identity
and biodiversity, which cannot be quantified in
monetary terms. This brief articulates
why finance for addressing loss and damage is both
distinct from and related to other types of finance
including adaptation, humanitarian assistance, Official
Development Assistance (ODA) and support for disaster
risk management (DRM).