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G7 should end not just coal but also oil and gas finance in 2021


Any views expressed in this opinion piece are those of the author and not of Thomson Reuters Foundation.
Ahead of summit, more than 100 economists call on G7 countries to commit to shift their finance out of all fossil fuels this year, to enable a green pandemic recovery
On June 11-13, world leaders will gather at the G7 summit. There, they plan to adopt an agenda to
“build back better from coronavirus and create a greener, more prosperous future”. We, the undersigned economists, believe that this means decisively shifting finance out of fossil fuels, and into clean alternatives worldwide. We welcome the decision taken last month by G7 environment ministers to end international finance to coal-fired power in 2021. We call on G7 leaders to go further and shift their finance out of all fossil fuels in 2021. ....

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How much is an elephant worth? Meet the ecologists doing the sums


How much is an elephant worth? Meet the ecologists doing the sums
Patrick Greenfield
In 1996, Prof Shahid Naeem was part of a team of researchers who set out to value the Earth. Specifically, they were trying to establish the dollar value of all of the “ecosystem services” the planet provides to humans every year. Around $33tn, they concluded, nearly double global GDP at the time.
“The team was half ecologists and half economists. The ecologists found the exercise really scary but understood the utility of it. The economists felt nature could be valued but they disagreed about how it could be done,” Naeem says. ....

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