Bummer: Idiotic study suggests that carbon dioxide may reduce the value of European forest land by 50% in the next 88 years

Severe economic loss for European forest land expected by 2100

ScienceDaily (Sep. 23, 2012) — By 2100 the climate change is expected to reduce the economic value of forest land by 14 to 50 %, which equates to a potential damage of several hundred billion Euros unless effective countermeasures are taken. This is the conclusion of the first pan-European study on the economic effects of climate change on forest land. It was conducted by an international team of scientists led by Marc Hanewinkel from the Swiss Federal Research Institute WSL.