Economic and non-economic loss and damage: a harmful dichotomy?

Van Schie, Douwe, Jackson, Guy, Serdeczny, Olivia and van der Geest, Kees, (2024). Economic and non-economic loss and damage: a harmful dichotomy?. Global Sustainability, 7(e42), 1-3

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  • Sub-type Journal article
    Author Van Schie, Douwe
    Jackson, Guy
    Serdeczny, Olivia
    van der Geest, Kees
    Title Economic and non-economic loss and damage: a harmful dichotomy?
    Appearing in Global Sustainability
    Volume 7
    Issue No. e42
    Publication Date 2024-10-08
    Place of Publication Cambridge
    Publisher Cambridge University Press
    Start page 1
    End page 3
    Language eng
    Abstract In research and policy, climate-related loss and damage is commonly categorized as either ‘economic’ or ‘non-economic’. One clear benefit of this dichotomy is that it has raised people’s awareness of the often under-discussed intangible loss and damage. However, empirical research shows that these two categories are inextricably linked. Indeed, ‘economic’ and ‘non-economic’ loss and damage often overlap, with items that are valued in monetary terms also having non-monetary significance. For example, the loss of a home due to flooding is not only a financial loss but can also have a profound impact on identity and well-being. Moreover, ‘economic’ loss and damage can cascade into ‘non-economic’ loss and damage, and vice versa. For example, when a household incurs economic losses due to drought, this may prevent their children from attending school, which has long-term financial consequences. We argue that rather than dichotomizing loss and damage, recognizing that it is multidimensional, interwoven, and evolving over time will open up new avenues for research that better reflect reality and can therefore better inform policies to address loss and damage.
    UNBIS Thesaurus HUMAN BEHAVIOUR
    SOCIAL VALUES
    CLIMATE CHANGE
    Keyword Adaptation and mitigation
    Earth systems (land water and atmospheric)
    Loss and damage
    Non-economic loss and damage policies
    Politics and governance
    Copyright Holder The Author(s)
    Copyright Year 2024
    Copyright type Creative commons
    DOI 10.1017/sus.2024.40
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    Created: Wed, 09 Oct 2024, 21:19:06 JST by Aarti Basnyat on behalf of UNU EHS