Thanks Leslie for addressing this important topic! You're totally right, that nature's value is indeed hard to measure in economic terms. Recently we talked with Ralph Chami about that, about the value of whales in particular: according to the economist Ralph Chami a single humpback whale is worth $2 million. 💰 As it turns out, the marine mammals sequester tonnes of Co2 and can help us to fight climate change. The scientists around Chami look in detail at how whales are contributing to saving the planet, and how we in turn need to start saving them.
It would help if governments and presidencies listened less to lobbyists who have destroyed the natural world 20 times over and really invested in producing a cleaner environment. Although I can't see that happening when they're more interested in lining up their bank balances instead of listening to their citizens.
This is a textbook case study. Regrettably, in real life there are elements of corporate greed and the looting of natural resources by them at all costs. In the end, it's taxpayer's money that bailout bad decisions. The law needs to change to hold executives accountable up to prison sentences.
Nature's destruction ist well explained by economic/Game theoretic model "tragedy of the commons": everyone has to pay for the damage, but the payoff does Not have to bei split. Hence, everyone benefits from acting in his personal interest. Of course, in the end, nobody wins.
In all but the most coal reliant states, electric cars have a lower whole life cycle carbon cost than petrol cars. There is also the "critical mass" argument in favour of subsidising them: infrastructure and tech ecosystems will be built that will remain in place long after the coal plants are decommissioned. Whether the difference is enough to save the planet from severe climate change is indeed another question. The environment is just one casualty of the intensification of capitalism. As the frontier of market relations expands further into our social and private lives, as the big data enabled psychological manipulation business continues to grow, the social and political crises happening across the entire world will only deepen. Economies are chronically reliant on the creation of excess capital by governments even 12 years after the financial crisis. Much of that capital fuels the most destructive parts of the economy: property speculation, stock market bubbles, consumer debt. Meanwhile inequality is tearing the social fabric apart. There is still a need to invest for returns, in some specific regions and sectors. But (and according to the UK government this makes me an "extremist"), that social relation has become destructive and has to be phased out in favour of a method of resource management that is not dependent upon growth in any and all possible avenues.
EscUseme NOT US... SAY IT TO THE PLASTIC INDUSTRY.... TO THE POLITICIANS THAT DONT MATTER ABOUT IT. We the citizens of the world are trying to restore the nature. But what coca cola pepsi and the plastic industry
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It is you, it is me, it is all of us. Everyone has a role to play and should do everything in our power to slow down the collapse that is happening before our eyes.
Thanks Leslie for addressing this important topic!
You're totally right, that nature's value is indeed hard to measure in economic terms.
Recently we talked with Ralph Chami about that, about the value of whales in particular: according to the economist Ralph Chami a single humpback whale is worth $2 million. 💰
As it turns out, the marine mammals sequester tonnes of Co2 and can help us to fight climate change. The scientists around Chami look in detail at how whales are contributing to saving the planet, and how we in turn need to start saving them.
It would help if governments and presidencies listened less to lobbyists who have destroyed the natural world 20 times over and really invested in producing a cleaner environment. Although I can't see that happening when they're more interested in lining up their bank balances instead of listening to their citizens.
This is a textbook case study. Regrettably, in real life there are elements of corporate greed and the looting of natural resources by them at all costs. In the end, it's taxpayer's money that bailout bad decisions. The law needs to change to hold executives accountable up to prison sentences.
Biodiversity is the value of the forest. Ocean is by far better sink of carbon than plants are
Nature's destruction ist well explained by economic/Game theoretic model "tragedy of the commons": everyone has to pay for the damage, but the payoff does Not have to bei split. Hence, everyone benefits from acting in his personal interest. Of course, in the end, nobody wins.
-people want to clean the environment
-smartphones use heavy rare earth minerals
Majority of the population are deaf mutes
Many things sold as environmental aren't really. Electric cars for example take a ton of carbon to produce, run and need many rare earth elements.
In all but the most coal reliant states, electric cars have a lower whole life cycle carbon cost than petrol cars. There is also the "critical mass" argument in favour of subsidising them: infrastructure and tech ecosystems will be built that will remain in place long after the coal plants are decommissioned. Whether the difference is enough to save the planet from severe climate change is indeed another question.
The environment is just one casualty of the intensification of capitalism. As the frontier of market relations expands further into our social and private lives, as the big data enabled psychological manipulation business continues to grow, the social and political crises happening across the entire world will only deepen. Economies are chronically reliant on the creation of excess capital by governments even 12 years after the financial crisis. Much of that capital fuels the most destructive parts of the economy: property speculation, stock market bubbles, consumer debt. Meanwhile inequality is tearing the social fabric apart.
There is still a need to invest for returns, in some specific regions and sectors. But (and according to the UK government this makes me an "extremist"), that social relation has become destructive and has to be phased out in favour of a method of resource management that is not dependent upon growth in any and all possible avenues.
Just Don't disturb it
EscUseme NOT US... SAY IT TO THE PLASTIC INDUSTRY.... TO THE POLITICIANS THAT DONT MATTER ABOUT IT. We the citizens of the world are trying to restore the nature. But what coca cola pepsi and the plastic industry
It is you, it is me, it is all of us. Everyone has a role to play and should do everything in our power to slow down the collapse that is happening before our eyes.