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).
For further information on activities of the Executive Committee on NELs, see here. The full version can be found in annex to the report of the 2017 Executive Committee.
Side event on non-economic losses (18 May 2016, World Conference Centre Bonn)
As part of the awareness raising of the nature and extent of non-economic losses, the Executive Committee organized a side event during the 44th session of the subsidiary bodies. See more here. Summary note of the side event.
Past Event on NELs
- Photo booth campaign (16-18 May 2016, World Conference Centre Bonn)
The campaign for raising awareness of the issues related to non-economic losses took place in the lead up to the side event. It posed the question: What do non-economic losses mean to you and a total of 65 people participated, representing a wide range of stakeholders from around the world (see image 1 and image 2).
