21 Mar '12, 11am

Damage to oceans could cost $2tr by 2100, says @SEIclimate I'm fast-becoming @BusinessGreen's apocalypse correspondent

Damage to natural services provided by oceans could cost the world $2tr a year by the end of the century if steps to curtail climate change are not taken, a study by the respected Stockholm Environment Institute (SEI) said today. Researchers warned that without action global temperatures could rise by 4°C by 2100, leading to acidification, reduced oxygen content, stronger tropical storms and sea-level rises, all of which would in turn threaten fish stocks and other marine life. FURTHER READING Maldives ex-president vows to keep fighting for swift action on climate change Benyon hails encouraging progress on EU fish discards ban The Valuing the Oceans paper warns valuable services provided by the ocean are inadequately integrated into economic analyses and plans, and calls for marine ecosystems to be included in carbon offset schemes. A new market in "blue carbon" could see...

Full article: http://www.businessgreen.com/bg/news/2162390/damage-ocean...

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