The loss of plant and animal species around the world could have a devastating effect on public finances, a new study claims.
Researchers say ecological destruction is pushing many developing nations towards bankruptcy by driving downgrades in countries’ credit ratings, debt crises and soaring borrowing costs.
This is because nature and biodiversity keep economies ticking over – from bees that pollinate crops to plants that prevent flooding – and their loss carries hefty economic costs.
Going bankrupt and defaulting on
