Climate Change 'To Cost More Than £300 Billion'

Oxfam staged an underwater family to highlight the risk of sea rises due to climate change.

From The Telegraph:

The world will have to spend £300 billion, three times as much as previously thought, adapting to the effects of climate change, scientists have said.

The UN originally said it would cost just £25 to £105 billion ($40-170 billion), or the cost of about three Olympic Games per year, from 2030 to pay for the sea defences, increase in deaths and damage to infrastructure caused by global warming.

However a new study by leading scientific body the International Institute for Environment and Development and the Grantham Institute for Climate Change at Imperial College London estimated it will cost more than triple that amount per annum.

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