Economic quantification of Loss and Damage funding needs

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

03 / 06 / 2024

Women planting mangrove trees in Sathkhira, Bangladesh on January 6, 2021. Millions of people are affected by the climate crisis in the coastal belts of Bangladesh. Photo credit: Photo credit: Rehman Asad via Shutterstock

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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.

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