Arctic Methane Time Bomb Could Have Huge Economic Costs

Increasing temperatures in the Arctic region are reducing sea ice cover and increasing the possibility of methane leaching from the sea bed

bbc.co.uk - by Matt McGrath - July 24, 2013

Scientists say that the release of large amounts of methane from thawing permafrost in the Arctic could have huge economic impacts for the world.

The researchers estimate that the climate effects of the release of this gas could cost $60 trillion (£39 trillion), roughly the size of the global economy in 2012.

The impacts are most likely to be felt in developing countries they say.

The research has been published in the journal Nature.

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RESEARCH - NATURE - Climate science: Vast costs of Arctic change

Climate science: Vast costs of Arctic change (3 page .PDF file)