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Crunch May Put Price Tag On Environment

Ecuadoran oil workers try to fix a broken fuel pipe at Pacayacu close to Lago Agrio in this August 20, 2005 file photo. The worst financial crisis since the 1930s may be a chance to put price tags on nature in a radical economic rethink to protect everything from coral reefs to rainforests, environmental experts say. (REUTERS/Stringer/Files) BARCELONA, Spain - The worst financial crisis since the 1930s may be a chance to put price tags on nature in a radical economic rethink to protect everything from coral reefs to rainforests, environmental experts say.

Farmers know the value of land from the amount of crops they can produce but large parts of the natural world -- such as wetlands that purify water, oceans that produce fish or trees that soak up greenhouse gases -- are usually viewed as "free."

Posted in ecology, Economy/Trade, green economy