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Paris climate targets to cost Asia $300 billion a year, but will help save lives - research
(Eco Business, 28 Sep 2016) The Asian Development Bank said the economic returns of spending on the Paris climate targets far outweighed the costs in the developing region.
Developing economies in Asia will have to spend $300 billion a year until 2050 to meet targets set by the Paris climate deal, but can expect to save thousands of lives and avoid worsening poverty if they shift to low-carbon growth, research showed on Tuesday.
As part of the landmark accord reached in December, nearly 200 nations agreed to keep global temperature increases to “well below” 2 degrees Celsius to curb global warming.
The Asian Development Bank (ADB) said the economic returns of spending on the Paris climate targets far outweighed the costs in the developing region - one of the most vulnerable to climate change and disasters like typhoons and flooding.
Eco Business, 28 Sep 2016: Paris climate targets to cost Asia $300 billion a year, but will help save lives - research 
