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Developing world may need annual $500 bn for climate by 2050

2014-12-06 15:00:00| Climate Ark Climate Change & Global Warming Newsfeed

Agence France-Presse: Developing countries may need as much as $250-500 billion (203-406 billion euros) per year by mid-century to deal with the fallout from climate change, a UN report warned Friday. The projected amount was as much as five times higher than previous estimates and significantly more than today's spending on climate adaptation, said the United Nations Environmental Programme (UNEP), which warned of a "significant funding gap after 2020". "The impacts of climate change are already beginning to be...

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