Climate protection 'to cost more'

Protecting societies against impacts of climate change will be much more expensive than previously believed, according to a new analysis.

In 2007 the UN climate convention came up with a sum of $49-171bn per year.

The new report says the UN sums omitted important factors and the true cost will be two to three times higher.

…”The amount of money on the table at Copenhagen is one of the key factors that will determine whether we achieve a climate change agreement,” said lead author Martin Parry, a visiting research fellow with the Grantham Institute for Climate Change at Imperial College London.

BBC