UN warns global drought carries $300 bn annual drop

UN warns global drought carries $300 bn annual drop

Lack of rain costs the world more than $300 billion annually, the United Nations warned Tuesday in a report published on the second day of international talks on desertification in Riyadh, Saudi Arabia. Fuelled by "human destruction of the environment", drought is projected to affect 75 percent of the world's population by 2050, the report cautioned. It said the crisis has already exceeded...

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