According to a new report from the World Economic Forum, an additional $700 billion a year is needed to address climate change through clean-energy infrastructure, low-carbon transport, energy efficiency in building and industry and for forestry. Here are the details.
Total investment in climate-change mitigration and adaptation in 2011 was estimated at $268 billion from the private sector, with an additional $96 billion from the public sector, the report stated.
2011’s investment in combating climate change is 93 percent higher than in 2007, the World Economic Forum reported, but “this business-as-usual investment will not lead to a stable future unless it achieves environmental and sustainability goals.”
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