Earth ecosystems at "critical tipping point"

The U.N. report says that many eco-systems are reaching a "tipping point."
STORY HIGHLIGHTS
- Eco-systems around the world are experiencing continuing degradation
- Economic costs of ignoring the worth of biodiversity are huge
- U.N. spokesman estimates cumulative loss by 2050 could be $121 trillion
- U.N. secretary general Ban Ki-moon calls for "new vision for biological diversity"
(CNN) -- The world's eco-systems are at risk of "rapid degradation and collapse" according to a new United Nations report.
The third Global Biodiversity Outlook (GBO-3) published by the Convention on Biological Diversity (CBD) warns that unless "swift, radical and creative action" is taken "massive further loss is increasingly likely."
Ahmed Djoghlaf, executive secretary of the CBD said in a statement: "The news is not good. We continue to lose biodiversity at a rate never before seen in history."
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