Developed nations must immediately help fight global warming or the world will face catastrophic floods, droughts
and other disasters, according to a UN report released Tuesday.
The report said rich nations will need to provide $86 billion a year by 2015 to "strengthen the capacity of
vulnerable people" to cope with climate-related risks.
"The scenario is that our generation will experience reversals on a grand scale in the areas of health, education and
poverty. For the future there is a real threat of ecological catastrophe," Kevin Watkins, the report's lead author, told
reporters in Brasilia, the country's capital.
Half the cost, $44 billion, would go for "climate-proofing" developing nations' infrastructure, while $40 billion
would help the poor cope with climate-related risks. The rest would go toward strengthening responses to natural
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