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Huge methane belch in Arctic could cost $60 trillion

2013-07-24 12:59:00| Climate Ark Climate Change & Global Warming Newsfeed

New Scientist: A sudden methane burp in the Arctic could set the world back a colossal $60 trillion. Billions of tonnes of the greenhouse gas methane are trapped just below the surface of the East Siberian Arctic shelf. Melting means the area is poised to deliver a giant gaseous belch at any moment" - one that could bring global warming forward 35 years and cost the equivalent of almost a year's global GDP. These are the conclusions of the first systematic analysis of the economic cost of Arctic melting,...

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