How does glacial retreat pose a threat to the areas in which it occurs?

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The issue with glacial retreat is that due the specificity of the glacial climate, the surrounding economies rely heavily on the glaciers as a source of income. For instance, the tourist industry of the area would suffer hugely as a consequence of glacial retreat. For example, Austria's skiing industry depends on the glaciers retreat stagnating, for their ski district is formed by the amalgamation of 8 glaciers. A decline in this industry would hit the locals hard, as their livelihoods are usually specialized to cater to the dominant industry of the region - tourism in this instance. Secondly, there are ecosystems which rely on the colder temperature the glaciers provide. These specialised habitats would face a plethora of negative consequences, due to their fragile ecosystem.  

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