The World Bank wants nations to adopt something akin to a global "social safety net" to address the effects of climate change on the world's poor, providing universal healthcare and other subsidies as a way to protect millions from becoming impoverished from increasing floods, droughts and disease.
The World Bank made its recommendations Sunday in a report titled, "Shock Waves: Managing the Impacts of Climate Change on Poverty."
The study is being issued ahead of a major climate change conference in Paris at the end of the month, where all nations will attempt to hash out a global agreement on emissions reductions.
Critics of President Obama's plan to endorse the deal say it will raise prices for the U.S. by codifying regulations that will increase energy costs. Critics also say the deal aims to shift the wealth of developed nations, like the U.S., to poorer developing countries through the creation of a "green" climate fund.
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