Cassie
October 10th, 2008, 04:42 AM
The global economy is losing more money from the disappearance of forests than through the current banking crisis, according to an EU-commissioned study.
"Whereas 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."
(Full article here) (http://news.bbc.co.uk/1/hi/sci/tech/7662565.stm)
I think this is an interesting read.
"Whereas 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."
(Full article here) (http://news.bbc.co.uk/1/hi/sci/tech/7662565.stm)
I think this is an interesting read.