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4-Traders Homepage  >  Equities  >  Euronext Paris  >  BNP Paribas    BNP   FR0000131104

BNP PARIBAS (BNP)
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Invasive insects and climate change : Impact on the world economy

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10/05/2016 | 04:14pm CEST

Even more worrying, insects in general weigh greatly on agriculture by consuming around 40% of agricultural production. 'The equivalent of enough food to feed one million humans', highlights Franck Courchamp. Among the main farming nations affected by this threat, China and the United States represent the biggest risks in terms of this threat.

In terms of health, the overall cost attributed to invasive insects exceeds $6.9bn per year. These costs do not take into account malaria, for which the majority of spending is not related to an infestation but to an insect which is naturally present. Moreover, this assessment excludes the economic impact on productivity, revenue, tourism, blood supplies, individual protection measures and quality of life. Most of the estimates for health costs are a combination of direct and indirect costs which are often related to medical care.

According to the research team, greater vigilance and the implementation of response procedures for a biological invasion would help society save tens of billions of euros. These preventive measures could divide the cost of mosquito-borne diseases by at least ten.

Researchers suggest, among other measures: strategic spending in the funding of research into the assessment and prevention of invasive species, the implementation of countermeasures adapted to each threat and the support of public awareness campaigns on the risks of introducing certain species. Finally, there is a major need to develop the network of associations in order for measures to fight against these invasive species are extended on the ground.

BNP Paribas SA published this content on 05 October 2016 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 05 October 2016 14:14:06 UTC.

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Financials (€)
Sales 2018 44 233 M
EBIT 2018 13 735 M
Net income 2018 7 610 M
Debt 2018 -
Yield 2018 4,81%
P/E ratio 2018 10,59
P/E ratio 2019 9,52
Capi. / Sales 2018 1,81x
Capi. / Sales 2019 1,75x
Capitalization 79 927 M
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Jean-Laurent Bonnafé Chief Executive Officer & Director
Jean Lemierre Chairman
Philippe Bordenave Chief Operating Officer & Director
Denis Kessler Director
Laurence Parisot Independent Director
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