Page - 481 - in Loss and Damage from Climate Change - Concepts, Methods and Policy Options

20 TheCaseofHuaraz:FirstClimateLawsuit onLoss… 481 Similar legal rules—fromwhich climate responsibility of big greenhouse gas emittersmayfollow—exist inothercountriesaround theworld.Thedecision in the HuarazCasewill thus have implications for great emitters all around the globe in terms of them having to communicate the relevant litigation risks to shareholders andbuildingadequatefinancial reserves. Investorswill have to take those risks into accountwhen taking investmentdecisions. Of course, we do not consider it a long-term solution that themost vulnerable peoplearoundtheworldexposedtoclimatechangerelatedlossesanddamageshave tofilelegalactionsinorder todefendtheir rights.Germanwatchthusemphasises the need for actingon responsibility andexpects, as a consequenceof litigationaction, a strengthening of political will to protect affected people and hold big emitters accountable (Schäfer et al. 2018). References BürgerlichesGesetzbuch[BGB][CivilCode] (2002)Bundesgesetzblatt,Part I,2002-01-08,No.2, pp.42–341, ISSN:03411095 CareyM(2005)Livinganddyingwithglaciers:people’shistoricalvulnerability toavalanchesand outburst floods inPeru.GlobalPlanetaryChange47:122–134. https://doi.org/10.1016/j.gloplac ha.2004.10.007 CramerW,YoheG,AuffhammerM,HuggelC,MolauU,DaSilvaDiasMAF,SolowA,StoneD, TibigL (2014)Detection and attribution of observed impacts. In: FieldCBet al (eds)Climate change 2014: impacts, adaptation, and vulnerability. Contribution of working group II to the fifth assessment report of the intergovernmental panel on climate change,Chap18.Cambridge UniversityPress,Cambridge,UK,andNewYork,NY,USA,pp979–1037 CubaschU,WuebblesD,ChenD,FacchiniMC,FrameD,MahowaldN,WintherJG(2013) Intro- duction. In: StockerTF,QinD, PlattnerGK,TignorM,AllenSK,Boschung J,NauelsA,Xia Y,BexV,MidgleyPM(eds)Climate change 2013: the physical science basis. Contribution of workinggroupI to thefifthassessment reportof the intergovernmentalpanelonclimatechange. CambridgeUniversityPress,Cambridge,UnitedKingdomandNewYork,NY,USA,pp119–158 Germanwatch(2017)Historicbreakthroughwithglobalimpactin“climatelawsuit.”Germanwatch. https://germanwatch.org/en/14795.Accessed28Jan2018 HeedeR (2014) Tracing anthropogenic carbon dioxide andmethane emissions to fossil fuel and cementproducers, 1854–2010.ClimChange122(1–2):229–241 IPCC(2013)Climatechange2013: thephysicalsciencebasis. In:StockerTF,QinD,PlattnerG-K, TignorM,AllenSK,Boschung J,NauelsA,XiaY,BexV,MidgleyPM(eds)Contribution of workinggroupI tothefifthassessmentreportof theintergovern-mentalpanelonclimatechange. CambridgeUniversityPress,Cambridge,UnitedKingdomandNewYork,NY,USA,1535pp JamesRA,JonesRG,BoydE,YoungHR,OttoFEL,HuggelC,FuglestvedtJS(2018)Attribution: howis it relevant for lossanddamagepolicyandpractice? In:MechlerR,BouwerL,SchinkoT, SurminskiS,Linnerooth-BayerJ(eds)Lossanddamagefromclimatechange.Concepts,methods andpolicyoptions.Springer,Cham,pp113–154 MagrinG,MarengoJ,Boulanger J-P,BuckeridgeM,CastellanosE,PovedaE,ScaranoF,Vicuña S(2014)Central andSouthAmerica. In:Climatechange2014: impacts, adaptation, andvulner- ability.PartB: regionalaspects. In:BarrosVRetal (eds)ContributionofworkinggroupII to the fifthassessment reportof the intergovernmentalpanelonclimatechange.CambridgeUniversity Press,Cambridge,UnitedKingdomandNewYork,NY,USA,pp1499–1566