Non-economic losses from climate change: opportunities for policy-oriented research
The concept of non-economic losses (NELs) has recently emerged in the context of negotiations on loss and damage under the United Nations Framework Convention on Climate Change (UNFCCC). NELs are losses of values that are not commonly traded in markets but bear high relevance for those affected. Examples include loss of life, biodiversity and cultural heritage. The ongoing institutionalization of approaches to loss and damage under the UNFCCC offers great opportunities to provide a sound information base for policy- and decision-making on NELs. Available expertise to meet the emerging knowledge needs includes insights into relevant indicators, and adequate means of integrating NELs into decision-making processes that seek to reduce losses ex-ante.