Guardian: One of the main objectives of this week’s New York climate summit was to mobilise finance to tackle climate change. Slow progress in scaling up finance has been a key bottleneck in negotiating a global climate treaty.
The World Bank estimates that adapting to a warmer climate could cost $70bn to $100bn per year by 2050, assuming warming is kept to the target of 2C. However, the real costs could be far higher, as recent analysis shows the world is currently on course for 4C of warming, a level…