Friday, December 4, 2015

India’s climate adaptation gap is over $1 trillion by 2030

Estimation of the adaptation gap, between what needs to be spent and what is spent, was made by independent study conducted in India. According to the study, as many as 800 million people living across nearly 450 districts in India are currently experiencing significant increases in annual mean temperature going beyond the 2°C warming pathway.
A large adaptation gap can be disastrous for the country, as it has serious implications for food and water security. Country is already spending nearly $100 billion a year on adaptation (4.9% of its GDP) and by 2030, it will spend 5.4% of its GDP on adaptation, assuming an 8% rate of economic growth. Read more at http://economictimes.indiatimes.com/