Climate Central: The worldwide impacts of a rapidly warming Arctic could cost the global economy an estimated $60 trillion, nearly equal to the entire global economy in 2012, according to a new study. That report, published Wednesday in the journal Nature, is the first to analyze the potential economic costs of rapid Arctic warming.
The study bluntly warns that the tendency for policymakers to focus solely on the benefits of an increasingly open Arctic Ocean -- like increased mining, oil and gas drilling, and...