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360 A.MarkandyaandM.González-Eguino
residual damageswill also vary for that reason.Third, the residual damagefigures
will depend on the climate scenario, aswell as the discount rate and the assumed
parameters of the climatemodel (equilibriumclimate sensitivity) aswell as that of
thesocioeconomicmodel(damagefunctions).Theseuncertaintiesareverylargeand
noonecanmakeanymeaningfulprojectionsof residualdamages in themediumto
long term.
Theadditionaldiscussion in thischapter raisesotheraspects thatcould influence
the levels ofLoss andDamage.One is the fact that, since actual adaptation is very
unlikely tobeoptimal, theamountof lossesanddamagesmaybe influencedby the
sources fromwhichadaptationandL&Dprogramsarefinanced.
Thesefindingsmayseemrathermeagre in termsof informingtheLossandDam-
agedebate,butwewouldcontend that theystillprovideausefulguide to issues that
needtoberesolved.Certainly, thereisscopeformuchmoreuseofeconomictools to
understandeconomicallyefficient responses to futureclimate impacts. In themean-
time,however, sincefinancial commitments forL&Dareunlikely tobedetermined
formore than 5 years ahead at any time, themodels should focus on the potential
Loss andDamage during that period, taking as given the adaptation programs that
arerelativelywelldeterminedfor thatperiod.Asnewinformationcomesin,climate
related damage estimationwill improve aswill the design of adaptation programs
leading to improveduseof these toolsover time.
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Loss and Damage from Climate Change
Concepts, Methods and Policy Options
- Title
- Loss and Damage from Climate Change
- Subtitle
- Concepts, Methods and Policy Options
- Authors
- Reinhard Mechler
- Laurens M. Bouwer
- Thomas Schinko
- Swenja Surminski
- JoAnne Linnerooth-Bayer
- Publisher
- Springer Open
- Date
- 2019
- Language
- English
- License
- CC BY 4.0
- ISBN
- 978-3-319-72026-5
- Size
- 16.0 x 24.0 cm
- Pages
- 580
- Keywords
- Environment, Climate change, Environmental law, Environmental policy, Risk management
- Categories
- International
- Naturwissenschaften Umwelt und Klima