Money talks: Planet Inc
Money Talks from The Economist
The Economist
4.4 • 1.2K Ratings
🗓️ 24 September 2019
⏱️ 29 minutes
🧾️ Download transcript
Summary
What are the risks businesses face from climate change? And, Kate Raworth, economist and educator, explains “doughnut economics” and says rich economies are addicted to “unending growth”. Who are the billionaires hoping to make big bucks from climate change? Also, we hear from the finalists of The Economist’s Open Future essay competition who sought an effective response to climate change. Simon Long hosts
Additional music by Chris Zabriskie "Divider" (CC by 4.0)
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Transcript
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| 0:00.0 | Are you receiving tax credits? |
| 0:02.0 | If so, this message is for you. |
| 0:04.5 | Tax credits are coming to an end, |
| 0:06.3 | and most people will be asked to apply for universal credits instead. |
| 0:10.0 | The Department for Work and Pensions is writing to Tax Credit claimants. |
| 0:14.0 | You won't be moved automatically, so look out for your letter explaining what you'll need to do and by when. |
| 0:19.0 | And there's also lots of support to help you make the move. |
| 0:22.0 | Get ready for your Universal Credit Switchover. |
| 0:25.2 | Search Understanding Universal Credit today. |
| 0:28.2 | Eligibility criteria apply. Hello and welcome to Money Talks on Economist Radio. I'm Simon Long, an editor at The Economist. Today we're talking |
| 0:46.8 | about climate change and the risks and opportunities businesses face. The global economy has benefited immensely from burning billions |
| 0:57.3 | of tons of fossil fuels. Electricity, cars, central heating, air conditioning, computers in the internet have improved the lives of billions and helped young economies grow. |
| 1:08.0 | But the risks are clear. Climate change will displace tens of millions of people and will shake the foundations of the global economy. |
| 1:17.0 | Clearly, change is needed to decarbonise the planet. |
| 1:21.0 | The world economy requires a near complete overhaul. But how will businesses |
| 1:25.8 | adapt to this radical change and how does capitalism need to up its game? We ask an economist Kate Wayworth if economic growth in the rich world |
| 1:35.8 | is compatible with environmentalism. We are living way beyond the means of the planet. |
| 1:40.9 | We have economies that are massively exceeding our fair share of the |
| 1:44.5 | global carbon budget. We're using far too much fertilizer and nutrients. We are consuming |
| 1:49.8 | goods and resources in ways that are destroying biodiversity. |
| 1:52.4 | Who are the climate tycoons hoping to tap into market forces to make the globe greener? |
| 1:58.0 | Of course the oldest adage is money comes to money so billionaires know how to attract more money. Some of them are actually true |
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