Lofven: Arctic warming losses could total $90 trillion by late 21st century
Global warming's effect on the Arctic region could have consequences for international security and result in $90 trillion in losses by the end of the 21st century, Swedish Prime Minister Stefan Lofven said.
Addressing the plenary session of The Arctic: Territory of Dialogue 5th International Arctic Forum, the prime minister said that global warming and its effect on the Arctic may not only lead to an environmental, an ecological disaster; potentially they are a security threat of global proportions.
In addition, there is an invoice waiting for us, Lofven said. Arctic warming could result in a cumulative net cost of $90 trillion by the end of this century.
The Arctic: Territory of Dialogue 5th International Arctic Forum was held in St. Petersburg on April 9 and 10. The State Commission for the Development of the Arctic convened for a meeting on April 9.