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.

3 Responses to “Perspective”

  1. opit Says:

    It’s not just the Amazon anymore.
    That means both Rocky Mountain forests ( west coast ) and Appalachian forests ( east coast ) in North America are being destroyed by pests. This after Dutch Elm disease, spruce budworm, and chestnuts obliterated, to name a few.

  2. libhomo Says:

    An important point should be made. The wealth being lost by deforestation is much more tangible than the abstract wealth being lost in the financial capitals.

  3. RickB Says:

    Opit- Inevitable with travel and climate change but unfortunately such costs are not counted until it’s too late.

    GLH- As the saying goes- Only when the last tree has died and the last river been poisoned and the last fish been caught will we realise we cannot eat money.

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