Change global economic model to save biodiversity

Posted by Washington Post: Juliet Eilperin on October 20th, 2010
AFP: The global economy must be radically altered to put a value on forests, reefs and other elements of nature but the financial benefits of doing so will be enormous, a UN-backed report said Wednesday. The Economics of Ecosystems and Biodiversity (TEEB) report warned that allowing nature to remain unaccounted for within the economy would lead to the continuing rapid extinction of species, and ensuing massive financial costs. "TEEB's approach can reset the economic compass and ......

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