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Fri 06 Jun 2009EU says tackling climate change will cost global economy €400bn a year
TACKLING CLIMATE change will cost the global economy €400 billion a year, half of it in developing countries that would need substantial aid from richer nations, according to the latest EU estimates.
Arno Behrens, of the Centre for European Policy Studies, said the €400 billion figure included some €300 million for mitigation measures aimed at cutting greenhouse gas emissions and the rest in aid to help poorer countries adapt.
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