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Public Wire

Deforestation Costs Economy More Than the Financial Crisis

While the stock market's belly-dancer-gyrations (more of a limbo, "how low can you go?", really) seem significant — according to a study commissioned by the EU, the global economy actually loses more money through the disappearance of forests than through the financial ho-down. The study pegs the cost of the loss of forests between $2 and $5 trillion per year, while calculations put the financial mess at $1.5 trillion. How did they arrive at that figure? By factoring in the value of the servi....

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