Study Says Arctic Ice Melt to Cost Global Economy $2.4 Trillion

Publication: ABC News

Author: Bill Blakemore

02/05/2010 - On one hand, it is a very, very round number -- obviously just a rough and imperfect estimate of the economic impacts of an enormously complex and often unpredictable jumble of warming Earth climate systems.

That's a 24 followed by 11 zeroes.

To get this figure, Pew researchers accumulated and combined estimates of the monies, both public and private, that will be spent -- or lost -- as the rising global heat brings drought to fields, new demands on energy plants, migration away from sea shores (prompted by what some studies estimate could be at least a 4-foot rise in sea levels this century), infrastructure and trade losses due to severe flooding as well as insurance losses related to all of these.

Read the full article Study Says Arctic Ice Melt to Cost Global Economy $2.4 Trillion on ABC News' Web site.

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