“Cold-turkey deficit reduction would cause a significant recession. A recent analysis by the Congressional Budget Office estimated that going headlong over the cliff would cause our gross domestic product, which has been growing at an annual rate of around 2 percent, to fall at a rate of 2.9 percent in the first half of 2013.” FirstsHas BeensFallCausesHalfGrowingProductsColdOfficePercentRateSignificantBudgetsAnalysisGrossDeficitTurkeysCliffsReductionRecessionsAnnualsGross Domestic ProductCold Turkey Author:Christina Romer
“Soils could also be giving up their carbon stores: evidence emerged in 2005 that a vast expanse of western Siberia was undergoing an unprecedented thaw. The region, the largest frozen peat bog in the world, had begun to melt for the first time since it formed 11,000 years ago. Scientists believe the bog could begin to release billions of tonnes of methane locked up in the soils, a greenhouse gas 20 times more potent than carbon dioxide. The World Meteorological Organisation recently reported the largest annual rise of methane levels in the atmosphere for a decade.” WorldGivingYearsFirstsBelieveLevelsGiving UpEvidenceFirst TimeYears AgoScientistWesternDecadesStoresBillionsReleaseAtmosphereSoilGlobal WarmingGasRegionsLockedCarbonFrozenOrganisationUnprecedentedAnnualsGreenhousesLocked UpCarbon DioxideGreenhouse GasesExpanseBogsSiberiaMethane Author:David Adam