Biodiversity loss seen as greater financial risk than terrorism, says UN

November 13, 2010 • Climate Change & Mitigation, Daily Email Recap

Thanks to Eric Rimmer for this article.

Loss of ecosystems perceived by banks and insurance companies to be a greater economic risk than terrorism, finds UN report.

The financial risks posed by the loss of species and ecosystems have risen sharply and are becoming a greater concern for businesses than international terrorism, according to a United Nations report released today.

From over-depletion of fish stocks and soil degradation caused by agricultural chemicals to water shortages and mining pollution, the paper commissioned by the UN Environment Programme and partners said the likelihood has climbed sharply that declines in biodiversity would have a “severe” $10bn (6bn) to $50bn impact on business.

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