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Climate damage costs could quadruple if 1.5°C target missed
Original: Climate damage cost up to 4 times higher as 1.5°C overshoot risks grow: Report Strengthen 2035 climate targets, scale cl
A new report warns that exceeding the 1.5°C warming limit could raise climate damage costs up to four times higher. It calls on governments to strengthen 2035 emissions targets, scale climate finance to at least $1.3 trillion by 2035, operationalise adaptation and just transition mechanisms, and address the unequal distribution of climate impacts across countries and communities.
Why now: Negotiations over 2035 national climate targets and climate finance are pressing governments to respond to warnings of sharply rising damage costs.
UN climate negotiations1.5°C targetclimate finance2035 NDCs
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