Real Estate Slated for Eleventh Headline Sector in GICSÂ® - Stock exchange-listed equity REITs and other listed real estate companies will be reclassified from the Financials Sector and elevated to an 11th headline Real Estate Sector of the Global Industry Classification Standard (GICS).
Forests are also cut as a result of growing urban sprawl. Not all deforestation is intentional. Some is caused by a combination of human and natural factors like wildfires and subsequent overgrazing, which may prevent the growth of young trees.Deforestation has many negative effects on the environment. The most dramatic impact is a loss of habitat for millions of species.Seventy percent of Earthâs land animals and plants live in forests, and many cannot survive the deforestation that destroys their homes. Deforestation also drives climate change.ot all deforestation is intentional. Some is caused by a combination of human and natural factors like wildfires and subsequent overgrazing, which may prevent the growth of young trees. Deforestation has many negative effects on the environment. The most dramatic impact is a loss of habitat for millions of species.
Deforestation, and especially the destruction of rainforests, is a hugely significant contributor to climate change.