Corals worth $172 bn

Nature and the services it provides are worth trillions of dollars annually to human society, and governments and businesses must formally recognise this to halt the continuing degradation of the natural world, a groundbreaking UN report said yesterday.

The enormous economic value of forests, freshwater, soils and coral reefs, as well as the social and economic consequences of their loss, must be factored into political and economic policies in all countries, according to the new study by The Economics of Ecosystems and Biodiversity. It suggests, for example, that the value of human welfare benefits provided by coral reefs is between $30bn (£19bn) and $172bn annually.

Read an article in The Independant

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