IPCC: A whopping $500 Billion Will be Needed Annually by 2050 to Adapt to Climate Change

Dec 9th, 2014 | By | Category: IPCC

climate_changeInternational Business Times: As much as $500 billion per year may be needed by 2050 to help developing nations adapt to climate change, according to the United Nations — a significant increase over the $100 billion estimated previously by the UN’s Intergovernmental Panel on Climate Change (IPCC).

The new figures were part of the first ever Adaptation Gap Report the agency released on Friday, which provides “a powerful reminder that the potential cost of inaction carries a real price tag,” Achim Steiner, executive director of the United Nations Environment Programme, said in a statement.

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