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More Financial Firms Understanding Envrio-Econ Link

| Monday March 6th, 2006 | 0 Comments

dollarsddd.jpgA while ago, I reported on Goldman Sachs speaking out about the value of ecosystem services. Now the San Jose Mercury News is reporting on much more:

Given the intensifying impacts of an unstable climate, it is obvious to many financial leaders that the ultimate viability of the global economy depends on government intervention to promote the necessary changes in the world’s energy infrastructures. If government fails to intervene, insurance losses and defaulted business loans are the ultimate outcome, leading to a very damaging shrinkage of markets for goods and services, especially in developing countries.

That quote pretty much sums it up. But more importantly the article emphasizes that companies making efforts ahead of any expected government intervention stand to be in a far better position than those who lag behind.


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