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Arctic methane release could cost economy $60 trillion

2013-07-24 09:01:00| Climate Ark Climate Change & Global Warming Newsfeed

Reuters: A release of methane in the Arctic could speed the melting of sea ice and climate change with a cost to the global economy of up to $60 trillion over coming decades, according to a paper published in the journal Nature. Researchers at the University of Cambridge and Erasmus University in the Netherlands used economic modelling to calculate the consequences of a release of a 50-gigatonne reservoir of methane from thawing permafrost under the East Siberian Sea. They examined a scenario in which...

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