Report

Comprehensive Climate Impact Quantification (C-CIQ): an approach to co-developing policy and programmatic responses for climate risk management

Think tank: IIED

Author(s): Ritu Bharadwaj; N. Karthikeyan; Krishnamurthi Pichandi

September 9, 2024

This report from UK think tank IIED offers a comprehensive step-by-step guide to quantifying and valuing economic and non-economic loss and damage.

Across the world, climate impacts such as extreme heat and floods are destroying lives, livestock and property. Loss and damage occurs when the capacities of affected communities and countries are compromised to the extent that they can no longer absorb the effects of climate impacts or adapt to climate risks.

Climate-related loss and damage has consequences beyond the economic; these impacts are often referred to as non-economic loss and damage, such as the loss of cultural heritage. We urgently need to develop new ways to manage loss and damage risks, and to do this we need to understand and measure the full range of loss and damage. But current methodologies for understanding and measuring climate-related loss and damage have significant gaps.

This toolkit offers a comprehensive step-by-step guide to quantifying and valuing economic and non-economic loss and damage, and co-developing policy and programmatic responses to manage climate risks. We have sought to demystify complex analytical methods and make them straightforward, easy to understand and versatile enough to be applied in diverse geographic and social contexts.