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Arctic Warming Could Cost Upwards of $60 Trillion
2013-07-24 18:01:00| Climate Ark Climate Change & Global Warming Newsfeed
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...
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'Social Cost of Carbon' Battle Hits House Floor
2013-07-24 16:22:00| Climate Ark Climate Change & Global Warming Newsfeed
Hill: House Republicans are seeking to thwart the Environmental Protection Agencys power to weigh the benefits of curbing carbon dioxide emissions when crafting regulations. Two proposed amendments to legislation likely reaching the floor this week would limit the EPA's use of the social cost of carbon (SCC), a metric of estimated damages caused by heat-trapping emissions. The Obama administration recently increased the SCC estimate used in federal rule-making, drawing criticism from GOP lawmakers....
Seagate hybrid drive promises speed boost below the cost of flash
2013-07-24 14:04:34| InfoWorld: Top News
SSDs are encroaching on hard disk drives with the promise of faster access to data, but HDDs are fighting back -- in some cases, with built-in solid-state storage of their own. On Tuesday, Seagate Technology took the fight to the enterprise market, introducing its Seagate Enterprise Turbo SSHD, which it calls the world's first enterprise hybrid drive. Shipping now to server and storage vendors and resellers, the new drive is also available as an option in IBM System x servers.
Arctic thawing could cost the world $60tn, scientists say
2013-07-24 13:04:00| Climate Ark Climate Change & Global Warming Newsfeed
BusinessGreen: 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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Huge methane belch in Arctic could cost $60 trillion
2013-07-24 12:59:00| Climate Ark Climate Change & Global Warming Newsfeed
New Scientist: A sudden methane burp in the Arctic could set the world back a colossal $60 trillion. Billions of tonnes of the greenhouse gas methane are trapped just below the surface of the East Siberian Arctic shelf. Melting means the area is poised to deliver a giant gaseous belch at any moment" - one that could bring global warming forward 35 years and cost the equivalent of almost a year's global GDP. These are the conclusions of the first systematic analysis of the economic cost of Arctic melting,...
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