Episode
What a living whale is worth -- and why the economy should protect nature | Ralph Chami
15:51
Published: Fri Nov 25 2022
Description
How much is one living blue whale worth in the fight against climate change? A lot more than you may think, says financial economist Ralph Chami. He explains the value of bringing the language of dollars and cents to conservation -- and offers his vision of a new economy that would profit off regenerating nature, not extracting from it.
Chapters
Environmental economist Ralph Chomay proposes calculating the economic value of nature's ability to sequester carbon and contribute to conservation efforts in a talk from TED 2022.
00:00 - 01:25 (01:25)
Summary
Environmental economist Ralph Chomay proposes calculating the economic value of nature's ability to sequester carbon and contribute to conservation efforts in a talk from TED 2022. In doing so, he seeks to bring the language of finance to the world of conservation.
EpisodeWhat a living whale is worth -- and why the economy should protect nature | Ralph Chami
PodcastTED Talks Daily
The whales capture carbon on their bodies and indirectly help fertilize the phytoplankton through their waste, which leads to the production of more krill, and this allows each whale to keep about 33 tons of carbon out of the atmosphere during their lifetime.
01:25 - 07:35 (06:10)
Summary
The whales capture carbon on their bodies and indirectly help fertilize the phytoplankton through their waste, which leads to the production of more krill, and this allows each whale to keep about 33 tons of carbon out of the atmosphere during their lifetime.
EpisodeWhat a living whale is worth -- and why the economy should protect nature | Ralph Chami
PodcastTED Talks Daily
The idea of carbon markets around nature involves selling carbon offsets from natural processes such as elephants using trees to companies and countries making commitments to carbon zero, negative or neutral.
07:35 - 14:15 (06:39)
Summary
The idea of carbon markets around nature involves selling carbon offsets from natural processes such as elephants using trees to companies and countries making commitments to carbon zero, negative or neutral. It's a regenerative view of nature that supports conservation efforts.
EpisodeWhat a living whale is worth -- and why the economy should protect nature | Ralph Chami
PodcastTED Talks Daily
The speaker discusses the importance of conservation efforts and their positive impact on the environment and its inhabitants across various countries including Liberia, Cameroon, Kenya, South Africa, Chile, and Argentina.
14:15 - 15:10 (00:55)
Summary
The speaker discusses the importance of conservation efforts and their positive impact on the environment and its inhabitants across various countries including Liberia, Cameroon, Kenya, South Africa, Chile, and Argentina.