News - Down To Earth
Climate change will cost billions to developing countries
Posted: Oct 3, 2009 10:01 AM by Jamie Smith
Developing countries will need to spend as much as 100 billion dollars a year for the next 40 years to adapt to more extreme and severe weather changes. That's according to a world bank study released on Wednesday.
Despite previous estimates, the world bank said their latest projection came from its most in-depth analysis of the impact of climate change yet. The world bank says east Asian and Pacific Asian countries with growing economies are experiencing rapid urbanization and would bear the highest cost.
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