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Developing world may need annual $500B for climate by 2050 UN

2014-12-05 11:08:00| 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 2050 to deal with the fallout from climate change, a UN report warned Friday. The projected costs for adaptation were several times higher than previous estimates, said the United Nations Environmental Program (UNEP), warning of a "significant funding gap after 2020." "The impacts of climate change are already beginning to be factored into the budgets of national and local authorities," UNEP executive...

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