Economic quantification of Loss and Damage funding needs [Comment]

Tavoni, Massimo; Andreoni, Pietro; Calcaterra, Matteo; Calliari, Elisa; Deubelli-Hwang, Teresa; Mechler, Reinhard; Hochrainer-Stigler, Stefan; Wenz, Leonie

doi:10.1038/s43017-024-00565-7

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Economic quantification of Loss and Damage funding needs [Comment]

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Tavoni, Massimo
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Andreoni, Pietro
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Calcaterra, Matteo
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Calliari, Elisa
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Deubelli-Hwang, Teresa
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Mechler, Reinhard
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Hochrainer-Stigler, Stefan
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/persons/resource/Leonie.Wenz

Wenz, Leonie
Potsdam Institute for Climate Impact Research;

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Citation

Tavoni, M., Andreoni, P., Calcaterra, M., Calliari, E., Deubelli-Hwang, T., Mechler, R., Hochrainer-Stigler, S., Wenz, L. (2024): Economic quantification of Loss and Damage funding needs [Comment]. - Nature Reviews Earth & Environment, 5, 411-413.
https://doi.org/10.1038/s43017-024-00565-7

Cite as: https://publications.pik-potsdam.de/pubman/item/item_30049

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.