Friday, October 10, 2008

Nature loss 'dwarfs bank crisis'

According to a new report comissioned for the European Union the global biodiversity crisis is costing vastly more than the current credit crisis.

Via the BBC:

The global economy is losing more money from the disappearance of forests than through the current banking crisis, according to an EU-commissioned study.

It puts the annual cost of forest loss at between $2 trillion and $5 trillion.

The figure comes from adding the value of the various services that forests perform, such as providing clean water and absorbing carbon dioxide.

The study, headed by a Deutsche Bank economist, parallels the Stern Review into the economics of climate change.

It has been discussed during many sessions here at the World Conservation Congress.

Download the Report:

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1 Comments:

At 3:34 PM, Anonymous SESALMONY@aol.com said...

The global economy is saved, thanks to taxpayers. Now how about turning attention and financial resources to saving the Earth from a meltdown?

It looks as if the Wonder Boys on Wall Street, who caused the current disaster in the world's financial system, are going to rescue the family of humanity from a meltdown of the global economy.

Is it too much to ask some of these multi-billionaires to provide wealth to save the world from the global "meltdown" of Earth's ice pack that is occurring in Greenland, Antarctica, the high mountain ranges from the Arctic Cordillera, to the Andes to the Himalayas?

Steven Earl Salmony
AWAREness Campaign on The Human Population,
established 2001
http://sustainabilitysoutheast.org/index.php

 

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