The global economy could reduce $100 billion a year in climate change-linked losses by providing the most vulnerable countries with "climate services" to help them prepare, a United Nations expert panel recommended. The panel proposed creating a $75 million-a-year U.N.-administered agency, or program, to help developing nations deal with an increasing onslaught of tropical cyclones, storm surges, floods and droughts.
The World Meteorological Organization – the U.N.'s weather agency – said most of the funding would come through development aid, and then be handed out for specific projects in the most vulnerable nations.
Source: Hufftington Post
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