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Melting permafrost in Arctic will have $70tn climate impact – study
The release of methane and carbon dioxide from thawing permafrost will accelerate global warming and add up to $70tn (£54tn) to the world’s climate bill, according to the most advanced study yet of the economic consequences of a melting Arctic. If countries fail to improve on their Paris agreement commitments, this feedback mechanism, combined with a loss of heat-deflecting white ice, will cause a near 5% amplification of global warming and its associated costs, says the paper, which was published on Tuesday in Nature Communications.