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http://eprints.org/relation/isVersionOf https://pure.iiasa.ac.at/id/document/94891 http://eprints.org/relation/isVolatileVersionOf https://pure.iiasa.ac.at/id/document/94891 http://eprints.org/relation/isIndexCodesVersionOf https://pure.iiasa.ac.at/id/document/94891 archive 353 disk0/00/01/72/39 2021-06-07 07:10:07 2021-11-16 05:01:11 2021-06-07 07:10:07 article show Mechler R. 7793 0000-0003-2239-1578 Deubelli T. 2240 0000-0001-7765-0552 Finance for Loss and Damage: a comprehensive risk analytical approach pub ASA SYRR The climate policy discourse on Loss and Damage has been considering options for averting, minimizing and addressing critical and increasingly systemic climate-related risks in vulnerable countries. Research has started to identify possible finance sources and mechanisms, but stopped short of positioning those options along a comprehensive risk management framework in line with the whole scope of Loss&Damage. BuildingTaking a risk analytical perspective, we present a comprehensive Loss and Damage finance taxonomy and framework made up of three pillars: finance for transformational risk management to reduce risks and adapt to climate change, risk finance to provide insurance and other risk transfer for residual risks in vulnerable countries as well as curative finance for potential unavoidable loss of ecosystems and livelihoods. We apply this taxonomy and sets of finance options to recently identified limit-prone sectors and regions that are projected to experience soft and hard limits as a consequence of slow-onset climate-related phenomena. 2021-06 published Elsevier 10.1016/j.cosust.2021.03.012 204 3153 public Current Opinion in Environmental Sustainability 50 185-196 TRUE 1877-3435 REmote Climate Effects and their Impact on European sustainability, Policy and Trade (RECEIPT, H2020 820712) FALSE yes info:eu-repo/grantAgreement/EC/H2020/820712/EU//RECEIPT info:eu-repo/semantics/article info:eu-repo/semantics/openAccess