Word: ecosystem
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Dates: during 2000-2009
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...friends in the London financial community are trying to fix what he calls a "market failure." On March 28 the financial group Canopy Capital announced that it would pay the Iwokrama forest reserve in the tiny South American country of Guyana in return for ownership of the forest's ecosystem services and a claim on any profits that might one day be made on them. Canopy Capital wouldn't say how big the deal was, but the firm's managing director Hylton Philipson said it would cover a significant chunk of the reserve's $1.2 million annual budget...
...million hectares of rain forest are destroyed each year, accounting for some 20% of the carbon emissions annually, as burned or cut-down trees release their sequestered carbon into the atmosphere.) But Canopy Capital is the first firm to try to put a market price on all the other ecosystem services provided by a healthy rain forest. Humans have been availing themselves of those services for nothing, like a free utility, but that can't continue. "If you want something you have to pay for it," says Philipson. "If you recognize the services the forests provide to mankind, you have...
...fish stocks have collapsed. Chantecaille, a cosmetics company known for its refined formulations using natural ingredients, has introduced the Protected Paradise compacts for face (left, $90) and eyes to not only educate consumers but also help reverse the impact of overfishing. The compacts' beautiful depictions of the underwater ecosystem illustrate the many layers that are threatened. Five percent of the proceeds from their sale go to the Pew Fellowship in Marine Conservation, which funds important research...
...bosses who prefer cheap, fast street busts that boost arrest statistics but simply move the crime around. Each season afterward focused on another dimension of Baltimore life (see chart)--the working class, the politics, the schools--pulling back like a camera on a crane to show a complex ecosystem, with dozens of interlinked characters...
...release to help stabilize and balance them. "There's a smorgasbord of bacteria, viruses, crustaceans and small fish in ballast," Lyles says. And when flushed into strange waters, these organisms can take over, with devastating effect. An infestation of zebra mussels began to radically change the Great Lakes ecosystem in the 1980s, and the MSX virus depleted the oyster population of Chesapeake Bay in the 1950s. Scientists have traced both disruptions to ballast water...