Reuters Finance sector key to halt destruction of nature-UN NAGOYA, Japan, Oct 27 (Reuters) – Businesses are starting to factor in the growing risk to investments from the destruction of forests, reefs and wetlands, but more needs to be done to fight damage to nature estimated at trillions of dollars a year, a U.N. report says. The global economy is underpinned by “natural capital” such as water from rivers and forests, clean air, protection from rising seas by mangroves, pollination of crops by insects and fisheries that rely on coral reefs as spawning grounds. Many of these benefits are taken for granted, but need to be measured and accounted for if the world is to halt the rapid destruction of nature, according to the report for CEOs by the United Nations Environment Programme’s Finance Initiative. Read more.
29 October 2010 | News