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Major Shift In Investments Crucial To Responding To Climate Change, UN
Tackling climate change in the next quarter century will require major changes to patterns of investment and financial flows, according to a recently released report by the United Nations Framework Convention on Climate Change. The study analyzed both existing and potential investment and financial flows relevant to developing an international response to climate change. It found that the additional amount of investment and financial flows in 2030 will amount to between 1.1 and 1.7 per cent of global investment. Another key finding of the study is that $200 to $210 billion worth of additional investment and financial flows will be necessary to return greenhouse gas emissions to current levels.
Source: ScienceDaily