10 October 2008

Small change

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." [says Pavan Sukhdev, the study leader]
-- Nature loss 'dwarfs bank crisis'.

Elsewhere, Jacques Attali compares the financial crisis with the climate change crisis

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