Transcripts For ALJAZ Pricing The Planet 2015 Ep 1 2017100

ALJAZ Pricing The Planet 2015 Ep 1 October 9, 2017

D. C. The u. S. Fired off the first volley in the diplomatic dispute on sunday issuing a statement saying it was suspending all Nonimmigrant Visa Services at diplomatic facilities across turkey by the end of the day the Turkish Embassy responded in kind to the u. S. The visa suspension war started just days after turkish authorities arrested a us consulate employee met in tokyo claiming tokyos was fine for an exiled turkish cleric the u. S. Says those accusations are baseless oh look i was a look our retired and basswood her and former principal representative to the European Union says the u. S. Is sending a clear and deliberate message. Or already there warning. At all were going. To go are you talking to the american interests the exiled cleric fedele a group one has been a bone of contention between the u. S. And turkey for nearly two decades turkish president. Claims masterminded last years bloody military coup attempt from his compound in the u. S. State of pennsylvania hes been pressuring the u. S. To extradite the cleric goole and has repeatedly said the claims are baseless following the failed coup attempt former Vice President joseph biden traveled to turkey to reaffirm friendly ties with the nation President Donald Trump did the same thing when air to one visited washington last spring turkey remains a valuable nato ally is home to the incirlik air base. Strategic military tool in the u. S. War against arsenal besides the consulate employees a dozen other americans remain under arrest in turkey but so far efforts to negotiate their release have been unsuccessful dian Estabrook Al Jazeera washington at least twelve people have drowned after a boat capsized as it was carrying behind the refugees from myanmar to bangladesh ten of them were children its the third time a boat carrying people escaping violence and nine months of Rakhine State has capsized the trouble ministration has outlined hardline immigration policy is in the list of principles shown to congressional leaders wants to reduce immigration by limiting the number of green cards for family members of u. S. Citizens to employ an additional ten thousand and gratian officers to deport criminals and unaccompanied children he also outlined measures to penalize socalled sanctuary cities because they refuse to share information to help the government enforce Immigration Law. A senior u. S. Republican senator says president trumps twitter activity is hurting the countrys Foreign Policy bob corker chairs the Foreign Relations committee has told the New York Times that trumps threats to other countries could set the us on the path to world war three. Farmers in the kurdish region of Northern Iraq say iran has stem the flow of water to border towns and follows last months kurdish independence referendum iraq iran and turkey opposed the vote all of them have a large kurdish minority the Scottish National party appears to have delayed plans to push for a second and dependence referendum on the back of britains exit from the European Union scotland rejected independence from the u. K. In two thousand and fourteen but the majority of scots voted to remain in the e. U. During two thousand and sixteen breaks it referendum. That wouldnt give any further consideration to the timing and tow. The thames of but its become clear to weve cleared a lane of say about what all that means for scotland that doesnt mean i will stop making the case for scotland being independent hundreds of thousands of people have joined a unity rally in spain. At secession referendum the Regional Government is considering a unilateral declaration of independence as the headlines on the do stay with us on the planet is coming up next thank you for watching. With. That we have our depth look at the problem of Global Warming and what. Its now being. Earth as we know it today. From a ship that reveals. Not if economic and Financial Markets could save the planet. Reuse nature because shes valuable but we lose nature because shes free. If we invest money in protecting nature will urge a very very high financial return. Economists Bankers Investment funds and finance is taking an interest in the Environmental Crisis they say that they can protect the planet their way with money how much is the beach that you visit every year actually why how much for the forest that you love to walk in so much what is the value of a planet a mammal an insect does this combination seem at all unnatural to. Financial isolation it was to rid of the. Endangered species and forests treated like financial products. Can market succeed where politics of so far failed. But it wont risk. Price. Sometimes i describe the challenge that we have as the economic invisibility of nature what i mean by that is that most of what nature provides is not transacted in markets where theres clean air or fresh water or whether its the pollination of bees or fruit trees wend of of ever send you an invoice. Billions of workers twittering away without a break in silence and for no pay. For millenia no one recognized neither their value nor all the work they do. It took a tragedy for us to finally recognize that economic value. In the u. S. A large part of the natural wild the population has died off the same thing is happening in europe and there are hundreds of people who keep large numbers of being used. In hives and want to farm or want his fields pollinator he calls one of these commercial pollination forms now theres a right for hiring a million things for a week to pollinate your crops. But what if tomorrow they were to disappear entirely what if we had to replace these bees with humans and therefore pay them. The Pollination Service of bees is economically invisible but the total value of that was found to be Something Like two hundred billion dollars thats almost eight percent of the total agricultural output on a. We look at these Little Creatures differently now that we know that theyre worth two hundred billion dollars dont worry. We immediately pay more attention to them all that wealth in a beehive and we humans never realised it. Mr johnson yes hi Mother Nature here im here to collect the last months nature usage nature usage ok let me see the sun oh look at every day. There was a cool breeze on tuesday. But what if the solution was already here we just need to put a price on everything that nature provides pollination the pleasure of walking in a park. To work. That is a good question. How much of what if you were you can put a price on it and put a price on here you can hear its priceless i want to be made to was. We were in this to learn how to take good and bad shouldnt have to do something. I dont as living in a flat we havent in new york this is on fifty six street but if i bought the same flat in fiftieth street i checked and the value was more than twice as much why do you think the value between fifty six and fifty s. Street for the same area one thousand square feet is twice as much because the one that is on fiftieth is next to central park so just the ability of people to see greenery is worth one Million Dollars extra. Hind on your oxygen bill. Very long are you mr. Short this week. So will that be cancer charge. Going to destroy this go away could you. If. You pretend that you. Dont have any oh. Dont. For already. Looking. Our Economic System was created in a very different era it was created hundreds of years ago when what was valuable what was scarce were capital and labor. So thats what we put a value on all the Natural Resources all the ecosystems all the clean air clean water there was too much of that you know and so we didnt put a value on it. Having plenty of clean water and animal species is of no interest to the markets they hate things that are abundant and free. The equation is beginning to change. Nature is the eldorado of the twenty first century. A new economic sector with promises of huge returns for investors banks finance corporations and states are attracted into it. And they all know that on a dead planet no one will do business anymore. Or that he or jimmy carter it. All about. The bottom order rebels or real bush all the top of the two. It is expressed fit go on then suggest. Should i move more into that they will that im actually more dispersed almost previous because. Of it up it could be. That fundamental economic theory you know supply and demand the more there is supply of something the less the price the less the demand the less the prize but the more the demand and the less the supply the higher the price and effectively right now the price were putting on the environment and Natural Services zero. Effectively but thats going to have to change as the supply of these Natural Resources continues to dwindle and the demand in the form of people continues to grow. Applying the law of supply and demand to not to resources in species is something new. Until now almost no one had ever thought of putting life itself into the economic machine. Yet im all. These you know will happen it. Is a space on in her. Shell go he. Has done nothing. Like they are nowhere close to beauty of youre not sitting in your then you. This was the time of one of the greatest geological disasters the dinosaur disappeared and along with them seventy percent of all animal species we could now be in the middle of a similar crisis only this time its not a meteor that caused it its my. Notes it is from. Me going to the onion is the process of. The movie was. Either. In the first beloved us nor from a citizen manner that would only say. Economical. Since the Industrial Revolution the worlds population has increased six fold water consumption risen by a factor of three. The amount of carbon in the atmosphere has doubled. The global temperature has increased. And half of the worlds rainforests have disappeared. Ecological footprint is escalating. To satisfy our needs were using the resources of one and a half us if we continue at this rate by twenty thirty well need two planets by twenty fifty two and a half. What happens if there are very much less trees if theres not the clean water we need where we need it when we need it if there isnt the clean air where we want it where we need it that becomes scarce or becomes more valuable were going to start to put a price on it were going to start to put a price on the destruction of it and we believe there are opportunities in that transition to profit from that transition. Besides business has already started about a hundred miles east of los angeles theres a fly. Probably the most expensive fly in the world. Here here it comes right here flying right by us that is one of them here it is again so that there. A century ago there may have been on the order of around forty square miles of habitat that is essentially the distribution of the sand dune and over the Twentieth Century ninety five percent of the remaining habitat has been destroyed or converted over to other uses. Only a small fraction of that five percent supports good populations of this rare insect this high sand flower loving fly. And they emerge during the heat of the summer and the adult fly only lives for a few days at the most. Colton county underwent huge Economic Development. Business and industry gradually swallowed the sun genes while the socalled delphi sound flava nothing fly had the sad owner of becoming the First American flight on the endangered species list. To protect it in one thousand nine hundred three the state froze commercial activity on its habitat coltons growth dropped to zero all because of a park. The citizens here you know what jobs the citizens want Retail Services they want more businesses to be here and right now were prevented from bringing them into town so the fly found itself hated by the entire population but one mans misfortune in the fly is a rare species with rare property makes a very good financial investment. We can create as much value for both our stockholders as well as create a biological opportunity for conservation by turning out into litigation right so our most recent sales have been two hundred fifty thousand dollars an acre. The bank saw an opportunity here in Mitigation Bank it realized that it could make money off these useless little sandflies it bought a part of the flies habitat and then it did nothing leaving the insect to live in peace while selling shares. If a business wants to develop a project on the land where the fly lives will find itself blocked by the state but by buying shares the entrepreneur can offset his impact by investing in the insects protection and secures his right to develop his business the bank has already made twenty Million Dollars. The free market has to find out a good balance between adequate conservation share a value allowing development to go for. A bank making money by protecting a species that sounds like a win win situation right but for the inhabitants the bank is still a fly in the ointment. The fly is winning the war. With the flights in place weve lost millions and millions and millions of dollars years and years and years of time you know we cant replace what weve lost. It would be cheaper to pay people to go out and kill the flies than to mitigate joke joke. But true but true the true self. In the United States species protection is in the hands of these new bank as businesses Estate Agents Road Builders anyone whos activity in dangerous animals has to pay these banks. They protect more than a million acres of land. They sell wetlands credits cacti credits. Credits even this its quite intense. Wildlands is the biggest Mitigation Bank of the American West her annual revenue is exceed forty Million Dollars a year and medications sales. Way but again for jack gardners night. For salmon steel had dealt a smell what. Twenty some hock or burrowing out for desert tortoise elderberry longhorn beetle tadpole shrimp very sure of. Our customers are aware of the local solutions that we can provide now these customers will come and say im building a Shopping Center and im affecting burnell pools are in fact doing our borrowing our do you have something that can help my offset my requirements. So we take a look at our mentor we provide them a quotation for a solution and then we barter that those credits to them as in a non tangible transaction we give them a relay for their liability as a certificate of good well. But how do these banks choose to invest in unprotect one species rather than another. Happens to those endangered species living in areas of the us with us nobody has no Economic Development and therefore no one to buy credits. Choosing between one and dangerous spaces on another dangerous basing it all depends on market demand. Buying landscapes protecting landscapes accumulating their landscapes its a phenomenal opportunity to be able to use a Business Model to achieve sustainability of nature. Where you werent profitable we would have wanted to reinvest in the future projects. The laws of the market applied to endangered species surprising right how could we let banks decide which species are with saving and which ones not. Which ones deserve to live on which a dying on the top of profit. If you were to go on the species banking dot com you would find probably about seven hundred different banks. And its roughly its roughly between two and a half to three and a half four billion dollars a year that are in banking. This market for endangered species is developing. Today all these Mitigation Banks are listed you want to know which one protects the swainsons hawk the tiger salamander or the desert fox. With one click the endangered species appear and the number of credits issued. By bit. Look at the verse. That in there my your friend who. Is busy is the plant thats one email is. Correct but other than it. Is thats when i said yeah this means. This up but i said. Hi im joe i work for a company. Called i cant believe this is a realize it relies on nature which is why im organizing a meeting a big meeting to discuss Natural Capital so you idea to boost the business you have a Financial Capital so what is Natural Capital Natural Capital is capital which nature created. The climate system is Natural Capital for use of the Natural Capital because they take it out of the atmosphere and produce oxygen were bought of us to Natural Capital. So lets take. This ones a lever that the function is to make you kalyani grass and grain thats a lot of land and a lot of water. But it provides the clean water that we need the healthy food that we need nature through things like forests provides us protection from storms or floods and thats what i mean by natures fortune and so when we speak like academics we call what nature does for us Ecosystem Services. So nature has become a real business it has its own capital and can offer its

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