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Methane meltdown: The Arctic timebomb that could cost us $60trn

Methane meltdown: The Arctic timebomb that could cost us $60trn | GIBSIccURATION | Scoop.it
The sudden release from the melting Arctic of vast quantities of methane – a greenhouse gas at least 20 times more potent than carbon dioxide –is an “economic time-bomb” that could explode at a cost of $60 trillion...
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SUSTAINABILITY-  "Global leaders and the World Economic Forum and International Monetary Fund need to pay much more attention to this invisible time-bomb. The mean impacts of just this one effect – $60tn – approaches the $70tn value of the world economy in 2012,” said Professor Whiteman, the lead author of the study published in the journal Nature.   -   The study used an economic model of the effects of climate change to evaluate the costs of the extra greenhouse-gas emissions on sea level, temperature, flood risk, health and extreme weather. The researchers ran the model 10,000 times and came to the average cost of $60tn, mostly borne over this century but also into the next."

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Global Risks 2012, World Economic Forum

Global Risks 2012, World Economic Forum | GIBSIccURATION | Scoop.it
Global Risks 2012 report is based on a survey of 469 experts from industry, government, academia and civil society that examines 50 global risks across five categories.
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"WEF 5 categories, report 2012"

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