The effect of global warming will particularly hit the world's poorest areas, according to the World Bank report 'Turn Down the Heat: Why a 4°C Warmer World Must Be Avoided', reports Alertnet.
In the past year the bank has lent twice as much money for climate change adaptation. Erick Fernandes, one of the leaders of the Global Expert Team for Climate Change Adaptation that commissioned the study said: "The bank is supporting action on the ground to finance the kind of projects that help the poor grow their way out of poverty, increase their resilience to climate change and achieve emissions reductions."