Non-economic loss: Difference between revisions
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'''Definition''' | '''Definition''' | ||
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Non-economic losses refer to a broad range of losses that are not in financial terms and not commonly traded in markets. They may impact individuals (e.g. loss of life, health, mobility), society (e.g. loss of territory, cultural heritage, indigenous or local knowledge, societal or cultural identity) or the environment (e.g. loss of biodiversity, ecosystem services) | Non-economic losses refer to a broad range of losses that are not in financial terms and not commonly traded in markets. They may impact individuals (e.g. loss of life, health, mobility), society (e.g. loss of territory, cultural heritage, indigenous or local knowledge, societal or cultural identity) or the environment (e.g. loss of biodiversity, ecosystem services) | ||
'''Source''' | '''Source''' | ||
United Nations Framework Convention on Climate Change ( | United Nations Framework Convention on Climate Change (n.d). Non-economic losses. Available at: https://unfccc.int/wim-excom/areas-of-work/non-economic-losses. | ||
'''See also''': [https://www.undrr.org/terminology/economic-loss <span style="color: fuchsia">Economic Loss</span>] | '''See also''': [https://www.undrr.org/terminology/economic-loss <span style="color: fuchsia">Economic Loss</span>] | ||
Back to '''[[Definitions]]''' | Back to '''[[Definitions]]''' | ||
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Latest revision as of 14:34, 3 August 2022
Definition
Non-economic losses refer to a broad range of losses that are not in financial terms and not commonly traded in markets. They may impact individuals (e.g. loss of life, health, mobility), society (e.g. loss of territory, cultural heritage, indigenous or local knowledge, societal or cultural identity) or the environment (e.g. loss of biodiversity, ecosystem services)
Source
United Nations Framework Convention on Climate Change (n.d). Non-economic losses. Available at: https://unfccc.int/wim-excom/areas-of-work/non-economic-losses.
See also: Economic Loss
Back to Definitions