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The Royal United Services Institute said a tenfold increase in research spending, comparable to the amount spent on the Apollo space programme, will be needed if the world is to avoid the worst effects of changing temperatures.
However the group said the world's response to the threats posed by climate change, such as rising sea levels and migration, had so far been "slow and inadequate," because nations had failed to prepare for the worst-case scenario.
"We're preparing for a car bomb, not for 9/11," said Nick Mabey, author of the report which comes after Lord Stern, who compiled an economic assessment of climate change for the Government, said last week that he had underestimated the possible economic consequences.
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