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Rapid Arctic thawing could be economic timebomb, scientists say

2014-08-03 01:59:00| Climate Ark Climate Change & Global Warming Newsfeed

Guardian: Rapid thawing of the Arctic could trigger a catastrophic "economic timebomb" which would cost trillions of dollars and undermine the global financial system, say a group of economists and polar scientists. Governments and industry have expected the widespread warming of the Arctic region in the past 20 years to be an economic boon, allowing the exploitation of new gas and oilfields and enabling shipping to travel faster between Europe and Asia. But the release of a single giant "pulse" of methane...

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Economic View: Shattering Myths to Help the Climate

2014-08-02 16:25:00| Climate Ark Climate Change & Global Warming Newsfeed

New York Times: Each new climate-change study seems more pessimistic than the last. This May and June, for example, were the hottest ones on record for the planet. Storms and droughts occur with increasing frequency. Glaciers are rapidly retreating, portending rising seas that could eventually displace hundreds of millions of people. Effective countermeasures now could actually ward off many of these threats at relatively modest cost. Yet despite a robust scientific consensus that greenhouse gas emissions are...

Tags: view economic climate myths

 
 

Trading Radar Light Economic Week, No Fed Speak

2014-08-02 05:16:49| Agriculture - Topix.net

Volatility returned to global markets in the past week, to the joy of many short-term traders.

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Global Warming Action Delays Mean Huge Economic Costs

2014-08-01 19:45:00| Climate Ark Climate Change & Global Warming Newsfeed

US News & World Report: The U.S. faces significant and diverse economic risks from climate change. No, thats not a scary pronouncement from the Obama administration to justify its climate policies. Thats the first sentence of the report Risky Business-- from a staid committee co-chaired by former New York Mayor Michael Bloomberg, former George W. Bush administration Treasury Secretary Henry Paulson and retired hedge fund founder Tom Steyer -- urging the business community to rise to the challenge and lead the way...

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IMF: Getting energy prices right will drive economic benefits

2014-08-01 14:02:00| Climate Ark Climate Change & Global Warming Newsfeed

BusinessGreen: Shifting taxes onto fossil fuels and away from income or capital could provide huge benefits for countries while protecting the environment at the same time, according to a new study from the International Monetary Fund (IMF). The organisation warns that many countries rely too much on general income, payroll, and consumption taxes for their fiscal objectives, and too little on taxes on energy use. The report argues that even when energy taxes are in place in many countries they are "set at levels...

Tags: prices drive energy benefits

 

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