Save Our Earth : Campaigning to save the Tropical Rainforests

Save Our Earth - Twitter
Save Our Earth - Facebook
Save Our Earth - Add RSS Feed

Environmental, Campaign & Website News > Nature loss 'dwarfs bank crisis'

Nature loss 'dwarfs bank crisis'

Date : 10th October 2008, Source : BBC Link to News Story

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.

Document last updated on Tuesday 30 August 2011

Copyright Save Our Earth © 2001-2018
Copyright of articles, information and news remains that of the owner, and permission must be obtained.