$44 trillion of the global economy was mostly or somewhat dependent on nature. We know all the metrics are in decline, that's what the negotiators and the governments have been working to try and come up with a new framework for biodiversity. And so we're in this sort of slight conundrum where capitalism and the rampant growth that we've had has clearly lifted people out of poverty but also created extraordinary wealth. It can't be the same red tooth capitalism that we've got today. There is an intrinsic value to things like biodiversity or in human health, but at the same time, we pay doctors and nurses and entire healthcare system as well. Both things obviously intersect.
Co-host Michael Chui talks with Justin Adams. Adams is the head of partnerships at Just Climate, a climate-led investment business. he answers questions, including:
- How does nature or the ecosystem provide services to the economy?
- How much needs to be invested in nature?
- What role can capitalism play in addressing issues around sustainability?
- What kind of innovations have real potential to mitigate carbon emissions?
See www.mckinsey.com/privacy-policy for privacy information