Losing another kind of green

ROBERTO SCHMIDT/AFP/Getty Images Need an even greater economic catastrophe to keep your mind off the financial crisis? How about the rainforest crunch? According to a report by the European Union commissioned study, The Economics of Ecosystems and Biodiversity, deforestation is costing the world up to five times more than the financial crisis figures (so far) -- between $2 and $5 trillion a year. Sound like a stretch? As FP likes to say, "think again." Forests provide a plethora of "services," such as carbon dioxide absorption,... [read full story]