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#Economy

"Adaptation costs are significantly higher than previously estimated, resulting in a growing 'adaptation finance gap'," said an executive summary of the draft IPCC report. Photo: Ashraf Shazly / AFP
"Adaptation costs are significantly high... […]

World needs trillions to face climate threat: draft UN report

Helping vulnerable nations cope with the multiplier effect of climate change will require trillions of dollars, not the billions now on the table at COP26, a draft UN report reveals