Environmental Damage Costs
The United Nations in a new report on biodiversity has assigned a monetary value to environmental assets that are not usually considered in cash terms. It has estimated a between $2.1 and $4.8 trillion dollars as environmental damage and species loss costs every year.
The dollar value of clean water, healthy soil, protection from floods and soil erosion, natural medicines, and natural sinks that store greenhouse gases such as carbon dioxide and methane have been calculated in the report.
- Environmental Damage Costs Trillions Each Year