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Loss and Damage Estimation for Extreme Weather Events: State of the Practice

Author

Listed:
  • Charles Doktycz

    (Department of Civil & Environmental Engineering, Vanderbilt University, Nashville, TN 37235, USA)

  • Mark Abkowitz

    (Department of Civil & Environmental Engineering, Vanderbilt University, Nashville, TN 37235, USA)

Abstract

Extreme weather, climate-induced events that are episodic (e.g., hurricane, heatwave) or chronic (e.g., sea-level rise, temperature change) in nature, is occurring with increasing frequency and severity. This places a growing and time-sensitive need on the development and implementation of adaptation policies and practices. To motivate adaptive behavior, however, requires the ability to deliver improved risk-informed decision-making capability. At the crux of this challenge is the provision of full and accurate loss and damage accounting of the overall impact of an extreme weather event, enabling the business case to be made for adaptation investment. We define loss and damage as the manifestation of impacts associated with extreme weather that negatively affect human and natural systems. Progress in the development of adequate loss and damage accounting has been hampered by issues, such as discrepancies in conceptual frameworks, problems associated with data quantity and quality, and lack of standardized analysis methodologies. In this paper, we have discussed the conceptual basis for measuring loss and damage, reviewed the state of loss and damage data collection and modeling, and offered a narrative on the future direction of the practice.

Suggested Citation

  • Charles Doktycz & Mark Abkowitz, 2019. "Loss and Damage Estimation for Extreme Weather Events: State of the Practice," Sustainability, MDPI, vol. 11(15), pages 1-13, August.
  • Handle: RePEc:gam:jsusta:v:11:y:2019:i:15:p:4243-:d:255133
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    References listed on IDEAS

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    1. -, 2003. "Handbook for estimating the socio-economic and environmental effects of disasters," Libros y Documentos Institucionales, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL), number 2782 edited by Eclac.
    2. Rebecca Bess & Zoë O. Ambargis, 2011. "Input-Output Models for Impact Analysis:Suggestions for Practitioners Using RIMS II Multipliers," BEA Working Papers 0081, Bureau of Economic Analysis.
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    Cited by:

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    2. Yuanyue Pi & Yang Yu & Yuqing Zhang & Changchun Xu & Ruide Yu, 2020. "Extreme Temperature Events during 1960–2017 in the Arid Region of Northwest China: Spatiotemporal Dynamics and Associated Large-Scale Atmospheric Circulation," Sustainability, MDPI, vol. 12(3), pages 1-19, February.
    3. Venturini, Alessio, 2022. "Climate change, risk factors and stock returns: A review of the literature," International Review of Financial Analysis, Elsevier, vol. 79(C).
    4. Chad S. Boda & Turaj Faran & Murray Scown & Kelly Dorkenoo & Brian C. Chaffin & Maryam Nastar & Emily Boyd, 2021. "Loss and damage from climate change and implicit assumptions of sustainable development," Climatic Change, Springer, vol. 164(1), pages 1-18, January.
    5. Mauro Francini & Lucia Chieffallo & Annunziata Palermo & Maria Francesca Viapiana, 2020. "A Method for the Definition of Local Vulnerability Domains to Climate Change and Relate Mapping. Two Case Studies in Southern Italy," Sustainability, MDPI, vol. 12(22), pages 1-26, November.

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