The World Bank has released a report saying climate change is affecting developing countries more than developed ones.

Chief Economist Justin Lin, says according to World Bank estimates, developing countries will bear 75 to 80 percent of the estimated . So high-income countries should provide financial aid to help developing countries improve the situation.

Justin Lin, World Bank Chief Economist, said, "Although developing countries will receive the largest share of the damage, they only contribute about one-third of the greenhouse gas now it's in the atmosphere. The other two-thirds come from developed countries. So developed countries have the moral obligation to provide financial resources to help the developing countries to do the mitigation as well as adaptation."

The World Development Report argues developing countries can shift to lower-carbon paths while promoting development and reducing poverty, but only if financial and technical assistance from high-income countries is forthcoming.

It states globally 1.6 billion people still lack access to modern energy. It also calls for concrete steps to fundamentally transform energy systems so that global emissions can drop 50 to 80 percent by 2050.

(CCTV September 16, 2009)