Non-economic loss: Difference between revisions
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'''See also''': [[(Economic) loss|<span style="color: #DB20D2">(Economic) loss</span>]] | '''See also''': [[(Economic) loss|<span style="color: #DB20D2">(Economic) loss</span>]] | ||
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Revision as of 11:13, 23 January 2025
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
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