NOAA reports the Arctic is losing summer sea ice faster than originally anticipated – by as much as 30 years! With computer models predicting the planet's coldest water refuge could be ice-free within 25 years from now, coastlines could be at major risk due to rising sea level.
Although there is considerable variability in computer model predictions, many show an accelerating decline in the summer minimum sea ice extent during the 21st century, and satellite images prove this trend is already underway.
Maybe it's not all bad news. If you sell your coastal property and invest in shipping, you might be able to take advantage of short cuts through the Arctic, which contains enormous reserves of oil and natural gas. See, it's not all that bad...
A new study by the Japan Agency for Marine-Earth Science and Technology, tells that contrary to popular belief, much of the record breaking loss of ice in the Arctic in recent years is a result of the region's swirling winds and is not a direct result of global warming. Even so, the Arctic is warming at twice the rate of the rest of the world.