Losses could soar to $24tn and wreck the global economy in worst case scenario
Hmmm. I'd have thought this was the best case scenario. In the worst case scenario Bangladesh vanishes, loads of islands vanish, Australia loses half it's arable land and Argentina has to change crops from Wheat, the North American mid west becomes a dust bowl and we start growing most of our wheat in Canada and Siberia.
I've been tracking this winter. It's notable for:
The lowest maximum Arctic Ice Extent
The highest Arctic temperatures recorded
The lowest maximum Arctic ice volume
and now the Ice area is tracking the lowest recorded in the satellite record. More interesting is the hurricanes which keep almost making it to the arctic circle and the fact that Greenland seems to be losing the majority of it's ice through warm humid air and not through strong sunlight.
$2.5tn?? Pocket change.