Money Grows on Trees: Deforestation Costs More than Financial Crisis

Der Spiegel | Oct. 10, 2008 (Special Report)
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 ... Full Story »

Posted by Peter Barnett

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Subjects: Sci/Tech
Topics: Environment
Member Tags: deforestation
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Posted by: Posted by Peter Barnett - Oct 10, 2008 - 9:53 AM PDT
Reviewed by: Peter Barnett (review), Marty Heyman (review), Ben Ross (review)
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Edited by: Peter Barnett - Oct 10, 2008 - 9:53 AM PDT
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3.7
 by Marty Heyman - Oct. 10, 2008

This is a good tight report on a complicated subject. It conveys the sense of the report without providing very much detail. These controversial economic valuations come at a time when the public is sceptical and one suspects the paper should have gone into a bit more depth.

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3.2
 by Peter Barnett - Oct. 10, 2008

You would expect Der Spiegel to provide provide a factual summary of the report 'The Economics of Ecosystems and Biodiversity

With this in mind, the German Federal Ministry for the Environment and the European Commission, with the support of several other partners, have jointly initiated ... More »

Peter posted this story.
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3.5
 by Ben Ross - Oct. 11, 2008

This is a quick peek... not in depth....IMF is not even mentioned.

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  • Environment - Nature & Biodiversity - Biodiversity - Policy (Pending)

    ec.europa.eu | Oct. 10, 2008
    Posted by Peter Barnett
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