The French National Observatory on the Effects of Climate Warming (ONERC) has just submitted its third report to Jean-Louis Borloo, the French Minister for Ecology. The report presents the Observatory’s results for ten key sectors: natural risks, water resources, biodiversity, health, road infrastructures, agriculture, forestry, energy, tourism and regional development. It indicates that the annual costs related to climate change could reach several billion euros if adaptive measures are not quickly taken.

According to the preliminary conclusions of a global World Bank study entitled “Economics of Adaptation to Climate Change” (EACC), adapting to climate change will cost developing countries between USD 75 to 100 billion per year between 2010 and 2050 if global temperatures rise 2°C by the latter date.