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Cost of climate change adaptation to be 2-3 times higher than current estimates |
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 The cost of adapting to climate change will be significantly higher than estimated by the UN Framework Convention on Climate Change (UNFCCC) warns a new report published by the International Institute for Environment and Development and the Grantham Institute for Climate Change at Imperial College London.
The analysis argues the current estimate excludes the cost of adaptation for key sectors, including energy, manufacturing, retailing, mining, tourism and ecosystems, indicating that the real cost of adaption will be two to three times greater the $40-170 billion projection by the UNFCCC.
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Adapting to new climate dearer than U.N. says: report |
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 LONDON (Reuters) - Adapting to the effects of climate change such as floods and droughts is likely to cost two to three times more than the United Nations estimates, a report said on Thursday ahead of a major U.N. summit in December.
The U.N. climate change secretariat, UNFCCC, puts the global costs of adaptation, through measures such as building houses higher to avoid flooding and limiting the spread of diseases, at $40 billion to $170 billion a year until 2030. |
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Carbon capture: a flimsy plaster or the answer to climate change? |
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 Of course, wind, solar and hydro aren’t the answer to the climate change problem, the chief executive of an energy company breezily threw at me this week.
“It’s carbon capture and storage. There is no way the world will tackle climate change without it.” |
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India lays foundation for $15bn cap-and-trade market |
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 Businesses will be subject to electricity thresholds under wide-reaching energy-efficiency plan
The Indian government has provided early approval of a national energy-efficiency plan, including provisions for a cap-and-trade market that could be worth about $15bn (£9bn) a year. |
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JAKARTA, Aug 28 (Reuters) - An Indonesian environment agency has set out a roadmap for the government to adopt forestry, energy, transport, industrial and agriculture policies that would slash carbon emissions by the world's No. 3 emitter.
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