Ignoring natural capital could see countries’ credit ratings downgraded

Posted by BusinessGreen: Will Nichols on November 20th, 2012
BusinessGreen: Countries' credit ratings may be rated as stronger than they actually are because of the lack of emphasis placed on national policies aimed at preserving natural resources. Degradation of a country's so-called natural capital could exacerbate the sovereign debt crises that have helped trigger, and deepen, the global economic downturn, the UN warned yesterday. A report by the UN Environment Programme's Finance Initiative (UNEP FI) says loss of soils, forests, and fisheries, as well as rising......

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