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"So 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.... It's not only greater but it's also continuous, it's been happening every year, year after year," says Pavan Sukhdev, one of the authors of  The Economics of Ecosystems and Biodiversity,  a study initiated by the EU presidency during Germany's term with European Commission funding.

"The first phase concluded in May when the team released its finding that forest decline could be costing about 7% of global GDP. The second phase will expand the scope to other natural systems."

Or so says the BBC

Correct me if I'm wrong:

If the financial sector loss is $1 - $1.5 trillion, down about 30% from the peak, is the whole financial sector $3 or $4 trillion?

If forest loss is 7% of global GDP and is $2 - $5 trillion, 100% of global economic production is $28 - $70 trillion?

Originally posted to gmoke on Fri Oct 10, 2008 at 08:53 PM PDT.

Poll

Natural capital more intrinsically valuable than financial capital?

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| 25 votes | Vote | Results

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