Global climate change and its impact on biodiversity costs an estimated US$2 trillion-US$5 trillion (RM6.9 trillion-RM17.3 trillion) annually compared with the estimated US$4 trillion losses from the recent global financial crisis, said Khazanah Nasional Berhad board member Datuk Seri Panglima Andrew Sheng.
“We must think about what will happen to us if crops and food supplies are affected,” he said, citing the 2008 European Union-commissioned report entitled The Economics of Ecosystems and Biodiversity as the source of the monetary cost of global warming.
“If we do not confront this issue, all of us will be deeply impacted,” he said.
Sheng added that the global crises faced in recent times should be viewed as an opportunity for Malaysia to react to the changing world although it was a complex issue and needed deep consideration………….
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