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Global Assets Melting Away

Arctic melt cost could reach $24 trillion, says report

by Geoff on March 5, 2010

Ice melting in the Arctic could cost real estate, global agriculture, and insurance industries around $2.4-$24 trillion by 2050 due to damage from floods, heat waves, and increasing sea levels, said a report published Friday.
“Everybody around the world is going to bear these costs”, said Bard College resource economist Eban Goodstein, a co-author of the [...]

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Arctic melt to cost approximately $24 trillion by 2050, says report

by Ali on February 9, 2010

A report came out on Friday, stating that the Arctic ice melt can inflict damages amounting to $2.4 trillion to $24 trillion by the year 2050 on real estate, agriculture and insurance. The factors that can trigger the damages include floods, heat waves and sea level rise.
Eban Goodstein, a resource economist at New York’s Bard [...]

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