"NATURE LOSS DWARFS BANK CRISIS" SAYS EU REPORT
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.10 October 2008, By Richard Black, Environment correspondent, BBC News website, Barcelona
READ MORE AT http://news.bbc.co.uk/2/hi/science/nature/7662565.stm