Friday, October 10, 2008

Wall Street crisis small compared to deforestation

Deforestation is costing the global economy $2 to $5 trillion dollars each year, according to an EU-commissioned study helmed by a Deutsche Bank economist, reports the BBC.

In comparison, the Wall Street meltdown that's dragging the globe into a recession amounts to just $1 to $1.5 trillion dollars.

Here's how deforestation costs us. "As forests decline, nature stops providing services which it used to provide essentially for free." To compensate, humans need to close the gap "through building reservoirs, building facilities to sequester carbon dioxide, or farming foods that were once naturally available."

So basically, as we're chopping down a forest with our right hands, we're building a reservoir with our left hand. Pretty irresponsible, wouldn't you agree?

(Photo by
Ancheta Wis)

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I started pound360 to channel my obsession with vitamins, running and the five senses. Eventually, I got bored focusing on all that stuff, so I came back from a one month hiatus in May of 2007 (one year after launching Pound360) and broadened my mumblings here to include all science.