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PORT OF SPAIN — The true cost of fighting climate change will top 300 billion dollars and developed countries may balk at footing the bill, Guyana's Prime Minister Bharrat Jagdeo said Saturday.
Leading economists have calculated that “the cost of action and mitigation would be about one percent of the global economy,” he told journalists. “This is one percent of the GDP of a 30-trillion-dollar global economy,” he estimated.
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