The release of large quantities of methane gas could have dire environmental and economic consequences.
An important consideration in relation to climate change, the impact of methane gas being released from Arctic permafrost due to rising temperatures has mostly slipped under the radar. Researchers believe that not only will this result in a rise in sea levels but the economic cost of increased flooding, agricultural damage and the impact on human health could cost upwards of $60 trillion.
"That's an economic time bomb that at this stage has not been recognized on the world stage," said research author Prof Gail Whiteman. "We think it's incredibly important for world leaders to really discuss what are the implications of this methane release and what could we indeed do about it to hopefully prevent the whole burst from happening."
"Scientists say that the release of large amounts of methane from thawing permafrost in the Arctic could have huge economic impacts for the world."
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