GLOBAL ASIA ENERGY | Curbing Climate Change Will Cost $700 Billion a Year

GLOBAL ASIA ENERGY | Curbing Climate Change Will Cost $700 Billion a Year http://www. docstoc. com/docs/142666876/GLOBAL-ASIA-ENERGY-%7C-Curbing-Climate-Change-Will-Cost-700-Billion-a-Year GLOBAL ASIA ENERGY OSLO (Reuters) - The world must spend an extra... More

GLOBAL ASIA ENERGY | Curbing Climate Change Will Cost $700 Billion a Year http://www. docstoc. com/docs/142666876/GLOBAL-ASIA-ENERGY-%7C-Curbing-Climate-Change-Will-Cost-700-Billion-a-Year GLOBAL ASIA ENERGY OSLO (Reuters) - The world must spend an extra $700 billion a year to curb its addiction to fossil fuels blamed for worsening floods and heat waves and rising sea levels, a study issued by the World Economic Forum (WEF) showed on Monday. As government and business leaders prepare to meet at the forum in Davos, Switzerland this week, the world s nations are divided over who should pay for lowering emissions of greenhouse gases blamed for a growing number of extremeweather events. Recessions in Western economies since the global financial crisis have slowed carbon emission growth but also left governments with scarcer state funds to channel into green technologies. The Green Growth Action Alliance, which compiled the study on behalf of the WEF, said the extra spending was needed t Less