Where In the World Is This $60 Trillion Time Bomb?

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July 29 (Bloomberg) -- Bloomberg News' Sally Bakewell explains a report that considers methane emission's as an "economic time bomb" that may cost $60 trillion from the impact it has on global climates. She speaks on Bloomberg Television's "The Pulse."

Welcome back.

You are watching the pulse.

We are on windows phones, as well.

The melting arctic ice is an economic timebomb.

We're joined from the the bloomberg's energy finance team.

As the ice melts, we think that is bad news for the environment.

That is right.

The key finding of this research is that the east iberian see, it could release a vast amount of greenhouse gas will stop this could have significant global warming affects and impacts.

Extreme weather, flooding, droughts.

It would displace the world's economic output.

The economic timebomb would be born by the developing world.

The more you heat up, the more methane you get.

Mike's a positive feedback system.

Methane is more prevalent than carbon dioxide.

When you -- when the methane is in the atmosphere, it traps the heat and heat set the atmosphere.

It will have a speedy up affect -- speeding up affect effect.

I thought we were worried about the callous, when again the methane -- the cows when we were talking about methane.

Shell says this will enable them to boost extraction.

They say it will also open up shipping routes.

The reports also say we should focus on the bigger picture.

We need to focus on economic modeling that looks at long-term impacts of the warming of the economy -- the warming of the climate.

Sally bakewell.

What else do we have?

For those listening on bloomberg radio, -- up next.

The second hour of the pulse.

Here's a little talk about.

This text has been automatically generated. It may not be 100% accurate.

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