Report: As much as $700B a year needed to deal with rising temps

01/21/2013 | Bloomberg Businessweek

In addition to the $5 trillion a year the world needs to spend on infrastructure development, it could need an additional $700 billion annually to help limit temperature increases, according to a report for the World Economic Forum by Accenture. The World Bank forecasts a temperature increase of 7.2 degrees Fahrenheit over this century. The WEF says spending is necessary to beef up "renewable power, low-carbon transport and energy efficiency."

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