As the losses from the financial crisis are tagged at $2.8 trillion, and the waves of collapses and bailouts continue to smash little and large alike (including the Gulf), a rising clamour from environmental and financial sectors is drawing attention to the even more frightening and costly crunch looming just ahead:



Some Highlights from the reports:
"$4.5 trillion worth of resources destroyed forever each year." link
"US and China account for more than two-fifths of the planet's ecological footprint" link

The Biggest consumers?
The United Arab Emirates, the US, Kuwait and Denmark

Johann Hari asks us to consider the opportunity we have to set our course back on track and reminds us that the "The Wall Street Crash hadn't happened for 80 years. The Arctic Crash hasn't happened for three million years"link
So, as a new report shows that the arctic ice's thickness has 'plummeted', which crisis sounds more ominous to you?

Deutsche Bank has published a report saying that " in this economic downturn, green energy investments offer governments a prime opportunity to stimulate growth. " link

Nicholas Stern says now is the time to build a low carbon future or else "We risk a transformation of the planet so radical that it would involve huge population movements and widespread conflict" link

And yet in keeping with our region's position as prime ecological problem-makers we have headlines like this instead:

This at the same time as new climate change plans put cutting subsidies for fossil fuels on top of the agenda and headlines like this are swarming the world:

No comments:

Post a Comment

Subscribe to: Post Comments (Atom)
Equilibrium on Facebook