How much money does deforestaion cost?

Answer 1

Deforestation incurs significant economic costs, estimated to be around $2.5 trillion annually when considering factors like loss of biodiversity, disruption of ecosystems, and the impact on carbon storage. It also affects industries reliant on forests, such as agriculture and tourism, leading to further economic losses. Additionally, the long-term environmental degradation can result in increased costs related to climate change adaptation and mitigation. Overall, the financial implications of deforestation extend far beyond immediate economic gains from timber and land clearing.