Arctic Melting to Cost $2.4 Trillion U.S. by 2050: Study

Publication: The Vancouver Sun

Author: Gordon Isfeld

02/05/2010 - The global cost of Arctic melting could reach $2.4 trillion U.S. by 2050 if current warming trends continue, according to a study released Friday.

"The cumulative cost of the melting Arctic in the next 40 years is equivalent to the annual gross domestic products of Germany, Russia and the United Kingdom combined," according to the authors of the study prepared for the Pew Environment Group.

The report was released as Group of Seven finance ministers arrived in the Nunavut capital of Iqaluit to begin two days of meetings.

Read the full article Arctic Melting to Cost $2.4 Trillion U.S. by 2050: Study on The Vancouver Sun's Web site.

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