23 February, 2016

Non-economic Loss and Damage: addressing the forgotten side of climate change impacts


Olivia Serdeczny (Climate Analytics), Eleanor Waters (Munich Climate Insurance Initiative/ United Nations University Institute for Environment and Human Security), Dr. Sander Chan German Development Institute)

Non-economic loss and damage (NELD) has emerged as anew concept in the negotiations under the United Nations Framework Convention on Climate Change (UNFCCC). It refers to the negative impacts of climate change that are difficult to measure or quantify. The value of NELD cannot easily be expressed in monetary terms, which has left them mostly neglected in climate-risk and cost estimates. This briefing paper looks at the definitions, challenges and policy implications of NELD.