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The Climate Question
Should we put a price on nature?
Oct 28, 2024
In this engaging discussion, Kevin Conrad, founder of the Coalition for Rainforests, and Pavan Sukhdev, CEO of GIST, delve into the idea of placing a price on nature. They explore the tension between valuing biodiversity and its intrinsic worth. The conversation touches on the role of rainforest ecosystems in carbon capture and the challenges of deforestation. Other key topics include the complexities of carbon credits, corporate impact on the environment, and the critical need for citizen involvement in climate accountability.
26:28
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Quick takeaways
- Valuing natural ecosystems is essential for climate action, as their significant contributions often go unrecognized and underappreciated.
- The financialization of nature through carbon credits presents challenges of fairness, requiring clear guidelines to protect local communities and ensure accountability.
Deep dives
Putting a Price on Nature
Valuing natural ecosystems is crucial for addressing climate change, as the benefits provided by nature often go unrecognized and underappreciated. Pavan Sukhdev emphasizes that while nature is free, its value is significant, as it plays a vital role in absorbing pollution and supporting life. For instance, the role of bees in pollination is economically estimated at around $200 billion, despite the fact that no bee ever invoices for its services. This disconnect between public perception and the ecological contributions highlights the importance of establishing a financial valuation for environmental services to incentivize their protection.
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Discover
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Listen to the best highlights from the podcasts you love and dive into the full episode