Current knowledge on relevant methodologies and datarequirements as well as lessons learned and gaps identified at different levels, in assessing the risk of loss and damage associated with the adverse effects of climate change

Drawing on existing relevant work and documents, this technical paper aims to provide an overview of existing methodologies and tools for assessing the risk of loss and damage associated with the adverse effects of climate change. In particular, the paper assesses 18 selected approaches, methods and tools in terms of their data and information requirements, strengths, weaknesses, lessons learned, gaps at different levels and relevance for social and environmental impacts, as well as discussing capacity needs for applying risk assessment methods in developing countries. It also considers risk assessment application to decision-making. Parties may wish to use the information contained in this paper as they consider approaches to address loss and damage associated with climate change impacts in developing countries that are particularly vulnerable to the adverse effects of climate change to enhance adaptive capacity, and to implement the work programme on loss and damage under the Convention, including to inform the discussions and develop further activities under the work programme.