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Using Finance to Protect and Enhance Biodiversity While Simultaneously Sequestering Carbon
Podcast

Using Finance to Protect and Enhance Biodiversity While Simultaneously Sequestering Carbon

A Chat with Ralph Chami



Editorial Rating

9

Qualities

  • Innovative
  • Hot Topic
  • Engaging

Recommendation

Employers are concerned about the 2021 post-COVID “great resignation.” But nobody seems to be talking about what would happen if the most vital, least compensated workforce on the planet ever disappeared. In this episode of the Climate 21 podcast, host Tom Raftery and IMF economist Ralph Chami discuss conservation for the financial crowd, making an intriguing case for assigning monetary value to the ecological and environmental services provided by whales, phytoplankton, seagrass, mangroves and other living organisms. This eye-opening approach to addressing climate change could alter the way you see the natural world.

Take-Aways

  • A single blue whale provides the world with services worth a minimum of $2 million over its lifetime.
  • Changing natural capital into financial capital could help protect the Earth’s resources.
  • Market mechanisms could aid in conservation efforts.

About the Podcast

Ralph Chami is a financial economist and an assistant director at the International Monetary Fund. Tom Raftery is the host of the Climate 21 podcast and a global vice president for the enterprise software company SAP.