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Managing Climate Risks, Facing up to Losses and Damages

This report addresses the urgent issue of climate-related losses and damages. Climate change is driving fundamental changes to the planet with adverse impacts on human livelihoods and well-being, putting development gains at risk. The scale and extent of future risks for a given location is, however, subject to uncertainties in predicting complex climate dynamics as well as the impact of individual and societal decisions that determine future greenhouse gas emissions as well as patterns of socio-economic development and inequality. The report approaches climate-related losses and damages from a risk management perspective. It explores how climate change will play out in different geographies, over time, focusing on the three types of hazards: slow-onset changes such as sea-level rise; extreme events including heatwaves, extreme rainfall and drought; and the potential for large-scale non-linear changes within the climate system itself. The report explores approaches to reduce and manage risks with a focus on policy action, finance and the role of technology in supporting effective risk governance processes. Drawing on experiences from around the world, least developed countries and small island developing states in particular, the report highlights a number of good practices and points to ways forward.

Published on November 01, 2021Also available in: French

TABLE OF CONTENTS

Preface
Foreword
Executive summary
Losses and damages from climate change: A critical moment for action
Types of uncertainties and understanding of risks of losses and damages
Climate change impacts and their cascading effects: implications for losses and damages
Policy, governance and institutions for reducing and managing losses and damages
Finance and financial risks in the face of growing losses and damages
Technology for reducing and managing losses and damages
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