The impacts of climate change that are not avoided through adaptation are referred to as loss and damage. The costs of economic loss and damage have been estimated at several hundred billion US dollars per annum. Although these estimates have been cited as being comprehensive across world regions and hazards, they are not, due to both data gaps and uncertainties about future climate change impacts. Comprehensive local-level estimates, expressed as a function of varying degrees of adaptation, can be comparatively more useful to understand the economics of climate change-driven economic and non-economic loss and damage. Although a global-level assessment of losses and damages remains elusive, local-level assessments can be most useful alternatives.
Duration: April 2024 – September 2025
Cities Involved: Surat and Ahmedabad