Current Knowledge on Relevant Methodologies and Data Requirements 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

This technical document 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.