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Policy makers and environmentalists argue that, alongside the task of cutting carbon dioxide emissions, governments must prepare for drastic changes which will result from the inevitable rise in temperatures.
"What we are seeing now are the early signs of climate change as a result of the emissions produced in the 1960s and 1970s," said Tom Burke, visiting professor at Imperial and University Colleges, London.
"There is a 40 year lag between carbon entering the atmosphere and its effects starting to show."
He added that the report "is a wake-up call, and what is tricky about this is that we are going to have to spend billions preparing and adapting, and that is going to compete for money to stop climate change getting worse."
The draft of the European Commission's Green Paper "Adapting to Climate Change in Europe - Options for EU Action," underlines the scale of the challenge.
The document warns that, unless there is advance planning, European countries will be left to respond "to increasingly frequent crises and disasters which will prove much more costly and also threaten Europe's social and economic systems and its security."
It adds: "For impacts where we have enough confidence in the forecasts, adaptation must therefore start now."