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Posted Wed Jul 24 2013: from BBC:
Arctic methane 'time bomb' could have huge economic costs
Scientists say that the release of large amounts of methane from thawing permafrost in the Arctic could have huge economic impacts for the world. The researchers estimate that the climate effects of the release of this gas could cost $60 trillion..., roughly the size of the global economy in 2012.... Previous work has shown that the diminishing ice cover in the East Siberian sea is allowing the waters to warm and the methane to leach out. Scientists have found plumes of the gas up to a kilometre in diameter rising from these waters.
[Read more stories about: ocean methane, methane release, permafrost meltdown, arctic meltdown]

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'Doc Jim says:
A trillion or two could put up a lot of solar panels.

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