Money Grows on Trees: Deforestation Costs More than Financial Crisis
Our shrinking forests cost us up to $5 trillion a year -- far more than the current banking crisis.
Sukhdev and his team, which has been compared to the high-profile Stern Review into the economics of climate change, concluded that forest decline costs about 7 percent of global GDP. They are now working on a second phase of their study, this time probing the value of other natural systems.
The picture they are painting is bleak. Firmly entrenched global trends like population growth, changing diets, urbanization and climate change are all taking ...
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