TEEB
cwilcox | October 9, 2008... then you don't want to know how much we lose economically by deforestation each year. Pavan Sukhdev, leader of The Economics of Ecosystems and Biodiversity (Teeb), explained at the World Conservation Congress that the monetary cost of the nature we destroy makes the losses on the financial markets look like chump change. We lose about $2 to $5 trillion a year by destroying natural resources compared to the $1 - $1.5 trillion lost on Wall Street due to the current economic crisis.
The Teeb figure is derived from estimating the economic cost to replace the services that forests provide for…