Climate Change Damage to Oceans to Cost $2 Trillion

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Greenhouse gases are likely to result in annual costs of nearly $2 trillion in damage to the oceans by 2100, according to a new Swedish study, by the Stockholm Environment Institute.

Warmer seas will lead to greater acidification and oxygen loss, hitting fisheries and coral reefs, it warns. Rising sea levels and storms will boost the risk of flood damage, especially around the coastlines of Africa and Asia, it adds…

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