Who’s going to bail out the Planet’s Credit Crunch?
For the first time this year the 2008 Living Planet Report included the calculation of a water footprint worldwide. The Living Planet Report as been produced by the WWF, the Zoological Society of London and the Global Footprint Network every year for the last eight years. In essence it measures the state of the planets ecosystems and measures their ability to provide again global consumption. This years report suggests that by 2030 we will collectively consume all the goods and services 2 planets can provide.
This year the report is being pitched as documenting a natural capital credit squeeze more significant than the current world financial crisis. Which leads me to a pet subject of mine, ecosystem services. Until it becomes common place to pay for ecosystems services, economic concerns will subjugate environmental needs and the planet will continue to lose it’s natural capital. More from the BBC. BBC NEWS | Science & Environment | Earth on course for eco ‘crunch’


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