BREAKING NEWS

Price tag on climate change in Latin America: $100 billion

Damage from climate change could cost Latin American and Caribbean countries $100 billion per year by 2050 if average temperatures rise 2C (3.6F) from pre-industrial levels, as is seen likely, a new report said on Tuesday.
The region accounts for only 11 percent of global greenhouse gas emissions, but it is considered particularly vulnerable to impact from climate change due to its geographic location and reliance on natural resources, the report commissioned by the Inter-American Development Bank said.The development bank released the study days before Brazil hosts the UN's Conference on Sustainable Development, the Rio+20 on June 20-22.
The collapse of the coral biome in the Caribbean, the disappearance of some glaciers in the Andes and some degree of destruction in the Amazon basin were climate change damages highlighted in the report.
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