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Averting Climate Change May Cost $700 Billion a Year

2013-01-21 14:22:00| Climate Ark Climate Change & Global Warming Newsfeed

Bloomberg: About $700 billion a year of new spending on renewable power, low-carbon transport and energy efficiency is needed to meet the United Nations goal to cap temperature rises, a report for the World Economic Forum showed. That cash is needed in addition to the $5 trillion a year countries must spend on infrastructure for agriculture, transport, power and water through 2020, according to a report released today by the consultant Accenture Plc (ACN) for the forums Green Growth Action Alliance. This...

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