Skip to content Skip to sidebar Skip to footer

Environment reshaping world economy

money.jpg

More lovely, lovely raw data on just how much environmental considerations are affecting businesses of all stripes. Have a guess. Go on. Think of a number… is it $100 billion? That’s how much the Worldwatch Institute reckons.

“Once regarded as irrelevant to economic activity, environmental problems are drastically rewriting the rules for business, investors, and consumers, affecting over $100 billion in annual capital flows,” say project co-directors Gary Gardner and Thomas Prugh.

The report describes a host of new economic opportunities that are attracting capital. An estimated $52 billion was invested in renewable energy in 2006, up 33 percent from 2005. Preliminary estimates indicate that the figure reached $66 billion in 2007. Carbon trading is growing even more explosively, reaching an estimated $30 billion in 2006, nearly triple the amount traded in 2005.

And there more. It looks like this:

State of the World 2008 cites two major economic modeling studies that find that the damage from global climate change could equal as much as 8 percent of global economic output by the end of this century. Citing World Bank data, the report also notes that some 39 countries experienced a decline of 5 percent or more in wealth when accounting measures also included factors such as unsustainable forest harvesting, depletion of non-renewable resources, and damage from carbon emissions. For 10 countries, the decline ranged from 25 to 60 percent.

1 Comment

  • HelenHopper
    Posted January 17, 2008 at 12:48 pm

    Talk about adding to hangover guilt! The attempted destruction of a species on your conscience as well… go directly to hangover purgatory.

    I suppose that as humans are affecting the growth/health of coral reefs as well, by having a human destroy a coral reef predator you’re sort of cancelling out some coral debt?? Yes, it’s carbon trading for species… sounds like a slippery slope to me!

Comments are closed.

The Global View creates and curates research, perspectives and intelligence on the modern leader’s agenda.

Subscribe Now

Get our latest research papers and amazing posts directly in your email.

Loading

The   Global view © 2022. All Rights Reserved.