By Rick Johnson, Executive Director-
For good reason much is being made of the current financial crisis, but I just came upon this story from the BBC reporting on a study that measures the economic cost of forest loss.
“The global economy is losing more money from the disappearance of forests than through the current banking crisis, according to an EU-commissioned study,” the BBC reports.
Forest ecosystems provide many valuable services like absorbing carbon dioxide and as a source of clean water.
The BBC reported study was commissioned by the European Union. Study leader Pavan Sukhdev said,”So 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.”
There is an added Halloween scare for you.
