IPCC: A whopping $500 billion will be needed annually by 2050 to adapt to climate change

December 8, 2014 12:28 PM

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The IPCC says their figures assume that the world is successful in keeping a global rise in temperatures below 2 degrees Celsius — otherwise, figures will have to be revised even higher.

As much as $500 billion per year may be needed by 2050 to help developing nations adapt to climate change, according to the United Nations — a significant increase over the $100 billion estimated previously by the UN’s Intergovernmental Panel on Climate Change (IPCC).

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