Presentation
Exploring and Expanding the Innovative Role of Insurance and Other Financial and Institutional Mechanisms in Addressing Climate Related Loss and Damage
There is a greater need to focus on non-economic loss and damage. These are the losses and damages for which there is no market value, for example loss of cultural and historical importance, loss of social cohesion, loss of biodiversity, etc. Economists may monetize them but there is no real world market value for them and the real challenge is...