What a living whale is worth -- and why the economy should protect nature | Ralph Chami

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4.1 • 11.9K Ratings

🗓️ 25 November 2022

⏱️ 17 minutes

🔗️ Recording | iTunes | RSS

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Summary

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.

Transcript

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0:00.0	It's Ted Talks Daily, I'm Elise Hugh.
0:06.6	We all know the urgent need to bring down carbon dioxide levels on our warming planet,
0:12.1	and nature, whether it's plants or animals, actually see questers carbon just by existing.
0:17.9	So environmental economist Ralph Chommy had an idea.
0:21.6	What if we could calculate the economic value of our creatures' service to the planet?
0:26.6	And I talk from Ted 2022 that really stayed with me.
0:30.2	Chommy brings the language of finance to conservation.
0:34.0	That's after a short sponsor message.
0:39.9	Hey everyone, it's Adam Grant.
0:41.8	Welcome to Rethinking, my podcast on the science of what makes us tick.
0:46.8	I'm an organizational psychologist, and I'm taking you inside the minds of fascinating
0:51.2	people to explore how they think and what we should all rethink.
0:56.5	This season we're rethinking culture, with producer, director, screenwriter, comedian,
1:01.4	Adam McKay.
1:02.5	Even if it's silly, like your stuff's gonna play better if you aim for art.
1:08.5	And you miss, you're gonna end up with comedy, but if you aim for comedy and you miss,
1:13.7	you get junk.
1:15.7	Find and follow rethinking with Adam Grant, wherever you're listening.
1:19.7	Support for Ted Talk's Daily comes from Airbnb.
1:27.3	When you're staying at an Airbnb, you might be like me, wondering, could my place be
1:31.8	an Airbnb and if it could, what could it earn?
1:35.7	I think about this all the time.
	...

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