Attempts to estimate the monetary cost of #LossAndDamage show that it is very large, but there's very little available finance available. There is also the challenge to 'operationalise' the Santiago Network. Find out more. --> iied.org/interview-how-…#CBA16
What is #LossAndDamage? ❌Losses = irreplaceable ❌Damage = things that can be replaced ❌Can be both economic and non-economic ❌Can be immediate (cyclones, wildfires, floods) or slow-onset (desertification, drought). #CBA16