Rapid Arctic melting could cost trillions of dollars: Study
Arctic warming could cumulatively cost $7 trillion to $90 trillion from 2010-2100 to the world economy, an international study has found. Arctic sea ice, which shrank to a record low in 2012, could disappear in summers by the 2030s, the study warned. The thawing permafrost has triggered landslides in Siberia and spring floods in Alaska causing significant damage, it mentioned.