Global Financial Crisis Endangers Conservation Gains
source: http://news.nationalgeographic.com/news/2008/10/081008-financial-crisis-environment.html
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The global financial crisis could put recent measures toward protecting the planet at significant risk, experts said today during a meeting of the International Union for Conservation of Nature (IUCN) being held in Barcelona.
A profound U.S. recession will likely resonate worldwide and push conservation to the bottom of governments' priority lists for years to come, said Alejandro Nadal, who chairs an IUCN working group on macroeconomics and the environment.
The slump may also exacerbate economic pressures that can damage the environment, he added.
For example, governments may lean on private industries—such as mining, oil, and gas—to extract more resources and fill in revenue gaps.
Likewise, countries may divert funds from environmental and social programs to bail out the economy—a "typical example of a macroeconomic policy that has huge environmental repercussions," he said.
"The magnitude of [this] crisis should have the environmental community really worried."
The crisis does have a positive aspect, Nadal said, in that it "may raise awareness of the perils of continuing in this trajectory of consumption, social inequality, and concentration of wealth.
A profound U.S. recession will likely resonate worldwide and push conservation to the bottom of governments' priority lists for years to come, said Alejandro Nadal, who chairs an IUCN working group on macroeconomics and the environment.
The slump may also exacerbate economic pressures that can damage the environment, he added.
For example, governments may lean on private industries—such as mining, oil, and gas—to extract more resources and fill in revenue gaps.
Likewise, countries may divert funds from environmental and social programs to bail out the economy—a "typical example of a macroeconomic policy that has huge environmental repercussions," he said.
"The magnitude of [this] crisis should have the environmental community really worried."
The crisis does have a positive aspect, Nadal said, in that it "may raise awareness of the perils of continuing in this trajectory of consumption, social inequality, and concentration of wealth.
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