The 60 Trillion Dollar Climate Timebomb is looming

On July 25 the journal Nature  published an article about the “Economic time bomb” that is slowly being detonated by Arctic warming. Gail Whiteman of Erasmus University in the Netherlands, and Chris Hope and Peter Wadhams of the University of Cambridge suggest—based on economic modeling that the “release of methane from thawing permafrost beneath the East Siberian Sea” would come with an “average global price tag of $60 trillion.” The news should have sent a shock wave through the media. But instead, predictably, the public were encouraged to celebrate—again and again, and again—the birth of the royal son.

http://www.alternet.org/environment/climate-time-bomb-will-cost-us-60-trillion?akid=10761.294211.yFyQK0&rd=1&src=newsletter877745&t=17