A loss and damage (L&D) fund has been established to support particularly vulnerable developing countries. L&D funding needs, entitlements and necessary contributions can be quantified using climate economics coupled with historical responsibility principles; for the year 2025, total L&D funding needs are estimated to be US $395 [128–937] billion.
Economic quantification of Loss and Damage funding needs
Calliari, Elisa;Wenz, Leonie
2024-01-01
Abstract
A loss and damage (L&D) fund has been established to support particularly vulnerable developing countries. L&D funding needs, entitlements and necessary contributions can be quantified using climate economics coupled with historical responsibility principles; for the year 2025, total L&D funding needs are estimated to be US $395 [128–937] billion.
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