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Posted Wed Oct 20 2010: from
World must start putting a value on nature
Natural goods and services, such as the pollination provided by bees or filtration of water by wetlands, should be included in a nation's economic value in the same way as GDP, according to a major new United Nations report. The ground-breaking move was suggested at a UN meeting of more than 190 countries in Nagoya, Japan to discuss the loss of wildlife around the world.... Allowing nature to remain unaccounted for within the economy would lead to the continuing rapid extinction of species and huge financial losses. At current rates 1.3 - 2.8 trillion pounds worth of damage is done every year just cutting down trees.... "Teeb can have the same impact for biodiversity as Stern had for climate change and will be a useful tool to help reduce the loss of species and habitats ... economically, we have to take action to reduce the loss of our natural environment before the cost becomes too high," she said.
[Read more stories about: rights of nature, ecosystem interrelationships, sustainability]
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'Doc Jim says:
But if we start measuring Nature as if it counted, our entire economic model will be threatened!

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