The High Cost of Adapting to Climate Change
In the buildup to the December summit in Copenhagen when the international community hopes to negotiate new emissions goals and implement a new climate treaty, there is debate raging on exactly how much adapting to climate change is going to cost. The UN climate change secretariat, UNFCCC, estimates that the global cost of adapting to the effects of climate change at around $40 billion to $170 billion a year until 2030.
But a report released last week by the International Institute for Environment and Development and the Grantham Institute for …
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