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Climate adaptation costs to soar

2014-12-22 12:05:00| Climate Ark Climate Change & Global Warming Newsfeed

Observer: The cost of adaptation to climate change is likely to go up by two to three times of the estimated $70 to $100 billion by 2050, a recent United Nations Environment Programme (UNEP) report says. These estimates were based on the two degrees rise in global temperatures. Released at the crucial climate talks in the Peruvian capital of Lima on December 05, the UNEP Adaptation Gap Report suggests that there will be a significant funding gap after 2020 unless additional finance is availed. The...

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