Pacific atolls face $10 billion cost of rising sea, says World Bank
- Posted on November 14, 2024
- By Business News Today
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Pacific atolls face $10 billion cost of rising sea, says World Bank
The World Bank reports that Kiribati, Tuvalu, and the Marshall Islands face a $10 billion price tag to adapt to a 0.5-meter sea level rise. This cost, equivalent to 20 years of their combined GDP, is needed for crucial infrastructure projects to combat the impact of climate change on these vulnerable Pacific nations.