Global Financial Crisis Will Affect Planet Preservation
posted in Global Warming |
The worldwide financial crisis can cause a dent in the recent measures adopted to protect the planet. Experts at the meeting of the International Union for Conservation of Nature (IUCN) held at Barcelona are of the view that focus would be on improving the financial situation rather than on conservation preservation.
The recession in the U.S. economy will force Governments to divert funds allocated for conservation toward financial rehabilitation. The slump may also lead to economic pressures, which in turn would affect conservation. The Governments would divert the funds allocated for conservation and social programs towards rescuing the economy.
Governments would depend more on private industries, such as oil, mining and gas to extract more resources. The revenue derived from these resources would be used for economic recovery of the economy. This would lead to depletion of resources and also those benefiting from various social programs will get affected.
Greg Fishbein, director, conservation finance and planning, says that those who are hard pressed for jobs will take to overfishing or aggressive deforestation. Those who are about to lose their homes due to financial hardships may not donate money for philanthropy causes.