Wednesday, October 29, 2008

Nature loss 'dwarfs bank crisis'

The annual cost of forest loss is between $2 trillion and $5 trillion.

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

Some conservationists see it as a new way of persuading policymakers to fund nature protection rather than allowing the decline in ecosystems and species to continue.

Wall Street by various calculations has to date lost, within the financial sector, $1-$1.5 trillion, the reality is that at today's rate we are losing natural capital at least between $2-$5 trillion every year.

Read more at Community Forestry Resource Center

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