Climate Change Will Cost the World £300 billion a Year

The Telegraph quotes the UN in saying that climate change will cost the world £300 billion a year, significantly more than had been earlier estimated. While I do understand the hypocrisy of nations that demand that poor nations like India do more about this, I wonder if anyone in government in India has thought about who would be worst affected by this huge cost? Certainly not the world's wealthy nations which have all the money that they need to combat this menace. The world's poor are going to get shafted the worst - and India, with the world's largest Below the Poverty Line population of any nation, is going to be hit hard.

A terrible thought, but one that is certain to show itself as true. To check out the Telegraph piece, please go to: http://www.telegraph.co.uk/earth/earthnews/6099963/Climate-change-will-cost-the-world-more-than-300-billion-say-scientists.html