Connect with us

Hi, what are you looking for?

World News

Ukraine estimates $35B in environment damage from Russia invasion

BRUSSELS — Environmental damage in Ukraine caused by Russia’s invasion was estimated at around 36 billion euros ($35.3 billion), with millions of hectares of natural reserves under threat, Ukraine’s environment minister said on Monday.

One fifth of protected areas in Ukraine is at risk of destruction and about 2,000 cases of environmental damages have already been recorded, the environment minister, Ruslan Strilets, said, showing slides to European Union lawmakers at a hearing in the EU Parliament in Strasbourg, France.

According to estimates from the Ukrainian government, the bill from air pollution caused by the war in Ukraine is so far about 25 billion euros and another 11.4 billion euros are needed to address damage to soil.

Citing a new methodology developed by the Ukrainian government to calculate the damages, Mr. Strilets said the seven-month-old war alone had caused 31 million tons of CO2 emissions, roughly the amount produced by New Zealand annually.

He said another 79 million tons of greenhouse emissions could be produced for the reconstruction of infrastructure and buildings destroyed during the war. — Reuters

    You May Also Like

    Business

    The head of the International Monetary Fund has warned of increased risks to the stability of the financial system after weeks of banking sector...

    Business

    1.22 billion people use Instagram every month. That’s a huge number of Instagrammers trying to hit it big on the platform all at the...

    Business

    Since the rise of online casinos, cybersecurity has become a major concern for both casino operators and players alike. The transactions that go around...

    Business

    The Home Office has made next to no progress in tackling criminal fraud during the past five years, despite it having become Britain’s most...

    Disclaimer: rightdecisionnow.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2023 rightdecisionnow.com | All Rights Reserved