Monday, November 1, 2010

Colombia's Worth will be tied to its Ecosystems

Colombia's worth will be tied to its ecosystems, according to the World Bank and CNN.

"If we are going to address the alarming loss of habitat and the degradation of ecosystems in the world, we have to properly value natural capital," said Warren Evans, the World Bank's Director of Environment.

Colombia and India will be the first two countries that will undergo an analysis by the World Bank to assign an economic worth to these countries most valuable ecosystems, including the Amazon River Basin.  This decision by the World Bank could have a very significant positive impact on the prevention of water and environmental degradation but also further commodifies water and natural resources. See the full article here. 

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