World economy expected to sustain additional $43 trillion in damage due to climate change by 2200

Warming global temperatures may have resulted into melting permafrost, but it is going to have real economic consequences. A recent study suggested that if the greenhouse gases, trapped in the permafrost, get released due to melting then the world economy will possibly sustain an additional $43 trillion in damage by 2200.

In the figure mentioned, costs related to things, such as reduced agricultural activity and increased health care expenses which are likely to result from these environmental changes based on present trends, are also included.

The world's cumulative permafrost is believed to contain up to double the amount of carbon that is presently in the atmosphere because of encased plant materials that never fully broke down.

Scientists gave a warning that Arctic causes the frozen earth to start melting, the stored gases get released into the atmosphere, as a result of which global temperatures rise more rapidly.

On the basis of findings, the researchers have urged for an action to slow the rate of permafrost melt to mitigate these environmental and economic after effects.

The figure of $43 trillion is on top of the $326 trillion that was predicted for costs linked to climate change, and will bring the total to $369 trillion by the end of the coming century.