Climate change to cost $100 Billion per year

By SiliconIndia   |   Wednesday, 30 September 2009, 02:27 Hrs   |    5 Comments
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Climate change to cost $100 Billion per year
Amsterdam: According to World Bank estimates, adjusting to the effects of climate change will cost developing nations $75-$100 billion per year till 2050. A study by the bank has found that the largest costs to developing nations will come as the result of intense rainfall and rising sea levels, which will increase costs for infrastructure projects such as roads and flood defenses.

Although agriculture is the industry most obviously affected by climate change, it will be relatively easier to adapt.

The report, released on Tuesday in Netherlands, was commissioned by the Dutch, British and Swiss governments to serve as a reference document during public debate on climate change, such as the global negotiations in Copenhagen this December.

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