The Climate Question Should we put a price on nature?
Oct 28, 2024
In this engaging discussion, Kevin Conrad, founder of the Coalition for Rainforests, and Pavan Sukhdev, CEO of GIST, delve into the idea of placing a price on nature. They explore the tension between valuing biodiversity and its intrinsic worth. The conversation touches on the role of rainforest ecosystems in carbon capture and the challenges of deforestation. Other key topics include the complexities of carbon credits, corporate impact on the environment, and the critical need for citizen involvement in climate accountability.
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Communities Left In The Dark
- Local Gabonese say communities haven't been informed how Norway's money will be spent and feel left in the dark.
- Officials claim planning is underway but transparency to communities remains limited.
Trust With Transparency
- Trust recipients but build transparency and verification so payments continue and deliver outcomes.
- Avoid over-micromanaging early deals to prevent friction that discourages participation.
Monetisation Risks Oversimplifying Nature
- Critics argue monetising nature renames ecosystems as 'natural capital' and risks reducing complex values to market terms.
- Cultural and heritage values, especially for places like the Marshall Islands, resist simple pricing models.