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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
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Loss and Damage from Climate Change
Concepts, Methods and Policy Options
- Titel
- Loss and Damage from Climate Change
- Untertitel
- Concepts, Methods and Policy Options
- Autoren
- Reinhard Mechler
- Laurens M. Bouwer
- Thomas Schinko
- Swenja Surminski
- JoAnne Linnerooth-Bayer
- Verlag
- Springer Open
- Datum
- 2019
- Sprache
- englisch
- Lizenz
- CC BY 4.0
- ISBN
- 978-3-319-72026-5
- Abmessungen
- 16.0 x 24.0 cm
- Seiten
- 580
- Schlagwörter
- Environment, Climate change, Environmental law, Environmental policy, Risk management
- Kategorien
- International
- Naturwissenschaften Umwelt und Klima