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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.

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