Ignoring natural capital could see countries’ credit ratings downgraded
BusinessGreen: Countries’ credit ratings may be rated as stronger than they actually are because of the lack of emphasis placed on national policies aimed at preserving natural resources.
Degradation of a country’s so-called natural capital could exacerbate the sovereign debt crises that have helped trigger, and deepen, the global economic downturn, the UN warned yesterday.
A report by the UN Environment Programme’s Finance Initiative (UNEP FI) says loss of soils, forests, and fisheries, as well as rising…
Comments Off on Ignoring natural capital could see countries’ credit ratings downgraded