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Curbing climate change will cost $700B a year - report
2013-01-21 20:01:00| Climate Ark Climate Change & Global Warming Newsfeed
Reuters: The world must spend an extra $700 billion a year to curb its addiction to fossil fuels blamed for worsening floods and heat waves and rising sea levels, a study issued by the World Economic Forum (WEF) showed on Monday. As government and business leaders prepare to meet at the forum in Davos, Switzerland this week, the world's nations are divided over who should pay for lowering emissions of greenhouse gases blamed for a growing number of extreme weather events. Recessions in Western economies...