Climate risk management: Framework for India, addressing loss and damage

The report is based on the lessons of case studies and pilot projects for improving the knowledge base towards addressing climate risk at national and local levels. While traditional Disaster Risk Reduction (DRR) and Climate Change Adaptation (CCA) strategies typically act within an incremental adjustment learning loop, climate-related risks discussed in the context of potential L&D (Loss and Damage) may not only require new or innovative response measures, but particular attention paid to locally-applicable techniques for the understanding of risks and risk-management interventions, such as Vulnerability Capacity Assessments (VCAs) and community-led focus groups. While addressing the challenges posed by financial, technical and institutional constraints, transformative adjustment towards effective risk management can help in reducing climate change induced damages and losses.