11 Jul '12, 3pm

Wealthy consumption threatens species in developing countries

IKEA logging old-growth forest for low-price furniture in Russia (05/30/2012) A new campaign is targeting IKEA, the world's biggest furniture retailer, for logging old-growth forests in the Karelia region of Russia. An alliance of groups, headed by the Swedish NGO Protect the Forest, allege that IKEA's subsidiary, Swedwood, is clearcutting thousands of hectares of old and biodiverse forests. But, Swedwood's 300,000 hectare concession is certified by the Forest Stewardship Council (FSC), generally considered the world's strongest forestry certifier. Massive economic growth does little for happiness in China (05/29/2012) Economic growth alone may not raise happiness, according to a recent study in the Proceedings of the National Academy Science (PNAS). Despite a stunning economic growth rate of around 10 percent per year over the last two decades, China's people have not see...

Full article: http://news.mongabay.com/2012/0711-munger-consumption-bio...

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