Loss and damage financing must push beyond market-based measures

A technical debate flowing out of last year’s UN climate conference in Bonn could help determine the global response to the unavoidable loss and damage developing countries will experience as a result of climate change. “By now it is clear that climate change is as much an economic problem as it is an environmental one,” Climate Analytics states in a new blog post. For developing countries, in particular, “rising temperatures slow economic growth, [and] devastating climate-related impacts leave large negative imprints on economic development.”