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Arctic thawing could cost the world $60tn, scientists say

2013-07-24 13:04:00| Climate Ark Climate Change & Global Warming Newsfeed

BusinessGreen: Rapid thawing of the Arctic could trigger a catastrophic "economic timebomb" which would cost trillions of dollars and undermine the global financial system, say a group of economists and polar scientists. Governments and industry have expected the widespread warming of the Arctic region in the past 20 years to be an economic boon, allowing the exploitation of new gas and oilfields and enabling shipping to travel faster between Europe and Asia. But the release of a single giant "pulse" of methane...

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Antarctic thawing season keeps getting longer

2013-04-01 16:51:00| Climate Ark Climate Change & Global Warming Newsfeed

LiveScience: More ice is melting for a longer period of time each year on the Antarctic Peninsula, new research shows. The area is warming more quickly than almost any other spot on Earth. Temperatures on this mountainous strip of land have risen by 5.4 degrees Fahrenheit (3 degrees Celsius) since the 1950s, according to a news release from the British Antarctic Survey, whose scientists were involved in the research. The study, published today (March 27) in the Journal of Geophysical Research: Earth Surface,...

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Caves point to thawing of Siberia

2013-02-21 21:17:00| Climate Ark Climate Change & Global Warming Newsfeed

ScienceDaily: Evidence from Siberian caves suggests that a global temperature rise of 1.5 degrees Celsius could see permanently frozen ground thaw over a large area of Siberia, threatening release of carbon from soils, and damage to natural and human environments. A thaw in Siberia's permafrost (ground frozen throughout the year) could release over 1000 giga-tonnes of the greenhouse gases carbon dioxide and methane into the atmosphere, potentially enhancing global warming. The data comes from an international...

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