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We have an opportunity to create sustainable industries by investing in nature as the engine of our economy. The global crisis disrupted our lives, but it also gives us a chance to reset and improve the world. To secure our future, we must evolve our economic model, prioritizing people and the planet. Nature should be at the heart of how we operate. We are on the verge of breakthroughs that will redefine what is possible and profitable in a sustainable future. We need a paradigm shift that inspires revolutionary action. We can't waste any more time. The time to act is now.

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The pandemic made us realize the harm caused by our materialistic world. We need to shift focus from profits to well-being and environmental health. Countries like Bhutan, New Zealand, and the UAE are leading the way with happiness and well-being measures in their policies. We must prioritize health globally and locally to create a better future post-COVID 19.

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The pandemic has devastated lives and economies, but a green recovery offers a chance to rethink how we live and do business. We need an economic model that prioritizes nature and the transition to net zero, pursuing sustainable, inclusive growth. Climate action is a difficult fight, but businesses, investors, and consumers are increasingly prioritizing sustainability, creating a virtuous circle. By leveraging market forces and the private sector, there is hope for transformation. However, we are at the last hour, and urgent action is needed to rescue the situation. We know what to do, and must now do it.

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The pandemic has devastated lives and economies, but a green recovery offers a chance to rethink how we live and do business. We need an economic model that prioritizes nature and the transition to net zero, pursuing sustainable, inclusive growth. Climate action is a difficult fight, but businesses, investors, and consumers are increasingly prioritizing sustainability, creating a virtuous circle. By leveraging market forces and the private sector, there is hope for transformation. However, we are at the last hour, and urgent action is needed to rescue the situation. We know what to do, and must now do it.

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The pandemic has caused great harm, but the green recovery offers a chance to change how we live and do business. We must shift to a model that values nature and achieving net zero emissions for sustainable growth. After 40 years of advocating for climate action, I see progress in using market forces and private sector resources to make a difference. Time is running out, and urgent action is needed to address the crisis. It's time to act, not just talk.

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Nature underpins every aspect of the economy; air, water, soil, oceans, and minerals—the building blocks of economies. While these models of economic growth have driven global prosperity, their unintended consequences are not sustainable on a finite planet. Resource extraction and pollution—greenhouse gas emissions, sewage, plastics—are beyond the earth's carrying capacity, causing significant societal and financial costs. This shows up as financial risk for institutions. Lack of water is leading to disruption of operations of supply chains where water is needed as an essential input for manufacturing or power production. The degradation of soil is leading to reduced agricultural yields. The decline of pollinator species is also having an impact on agriculture. So that's leading to direct financial risks for organizations, for businesses, and ultimately for investors.

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The pandemic has caused immense devastation, but it also presents an opportunity for a green recovery. We need to shift our economic model to prioritize nature and the transition to net zero. Businesses, investors, and consumers are increasingly prioritizing sustainability, creating a virtuous circle of supply and demand. By leveraging market forces and the private sector, we can transform the situation. However, time is running out, and urgent action is needed. We know what needs to be done, so let's stop talking and start taking action.

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The crisis has shown that rapid shifts are possible when we feel the immediate threat to our livelihoods. The current system is not sustainable, so this is a great opportunity for a reset. We can use the large amounts of money and increased leverage that policymakers have to make a significant change. We need to position nature at the core of the economy, creating a shift that is not just incremental but transformative.

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We have the opportunity for a great reset to make a significant change by putting nature at the core of the economy. The current system is not sustainable, and with the urgency we feel, we can use the resources and leverage available to us to create a transformative shift. This is a moment where we can truly make a difference for the future.

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We are living in a time of change, referred to as an inflection point by President Biden. This transformational moment raises the question of whether capitalist democracy still works. People are questioning if our children can rely on the promise of a more prosperous future. Additionally, the existential challenge of climate change is asking if democratic societies can rise to the occasion.

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The younger generation, like Prime Minister Trudeau and half his cabinet, are shaping change. We must prepare for a more turbulent world by taking action to create a fairer society. A great reset is needed, not a return to the past. The pandemic will worsen, and the next crisis, a climate crisis, is looming around the Congo.

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We need to address the need for a fundamental change in our world. This process will take time, but once we have gone through it, the world will be different.

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History is at a turning point, with global energy, food systems, and supply chains being greatly impacted. Governments play a crucial role in times of crisis, as challenges like climate change are interconnected and demand collaborative solutions.

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Young global leaders have survived the crisis and can shape change. We must prepare for a more uncertain world by taking action to create a fairer world. A great reset is needed, as returning to the old normal is fiction. The pandemic will only lead one way.

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Prime Minister Trudeau and young lawmakers in Saudi Arabia have the power to shape change. We must prepare for a more turbulent world and take action to create a fairer society. The idea of going back to the old normal is unrealistic. We need a great reset. The pandemic will only go one way.

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The speaker emphasizes the importance of valuing and including nature in our economic activities. They explain that using nature for free without recognizing its value is destructive and gives others a competitive advantage. They mention the need to regulate carbon and biodiversity, starting with carbon as it is closely linked to nature. The speaker believes that digitalization and artificial intelligence can help measure and create transparency around the use of nature. They envision a future where investors disclose their use of nature in their products and funds. The speaker highlights that not including biodiversity in our actions puts a burden on future generations. They stress the need to recognize and pay for the use of nature.

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China's leadership in fighting the pandemic and reviving its economy has opened a window of opportunity for a global reset. This reset is necessary because our pre-pandemic policies lacked societal inclusion and sustainability, evident in issues like rapid global warming. Similar to the post-World War II era, we now have a chance to start anew in global cooperation, globalization, and managing global affairs. It is crucial that we seize this opportunity and not let it slip away.

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The crisis has revealed that rapid shifts are possible when we are motivated by the immediate threat to our livelihoods. It is clear that the previous system was not sustainable. This presents a great opportunity for a reset, utilizing the substantial influx of money and the increased power of policymakers.

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The current pandemic has caused immense devastation to lives, livelihoods, and economies. However, it also presents an unprecedented opportunity to rethink our ways of living and doing business. We need to shift our economic model to prioritize nature and the transition to net zero, focusing on sustainable and inclusive growth. Many businesses, investors, and consumers are now prioritizing sustainability, creating a positive cycle of supply and demand. By harnessing market forces and the resources of the private sector, we have a chance to transform the situation. But time is running out, and urgent action is needed. We already know what needs to be done; it's time to stop talking and start taking action.

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The crisis has shown that rapid shifts are possible when we feel the immediate threat to our livelihoods. The previous system is not sustainable, so this is a great opportunity for a reset. With the increased power of policymakers and the flow of money, we can make a significant change. We need to position nature at the core of the economy, creating a moment that marks the start of this transformation.

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The pandemic has caused immense devastation, but it also presents an opportunity for a green recovery. We need to shift our economic model to prioritize nature and achieving net zero emissions. Businesses, investors, and consumers are increasingly prioritizing sustainability, creating a positive cycle of supply and demand. By harnessing market forces and the resources of the private sector, we can make a transformative impact. However, time is running out, and urgent action is needed. We already know what needs to be done, so let's stop talking and start taking action.

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Speaker 0: We tend to think about capital as only financial capital—cash and financial assets—but that is not the only value our economies depend on. Every aspect of the economy is fundamentally dependent on nature: the air we breathe, the water we drink, the soil, the oceans for the food we consume, and the minerals needed for technology and infrastructure. Without these forms of natural capital, economies wouldn’t exist; they are the fundamental building blocks. Yet the ways we have grown our economies and our models of economic development have been incredibly successful for global prosperity. But the unintended consequences of current growth models are not sustainable on a finite planet. The resources we draw from Earth and the pollution and waste we emit—greenhouse gas emissions, sewage, plastics into the ocean—are beyond the Earth’s carrying capacity. This is leading to significant direct impacts on society and substantial financial costs for the economy. Macro-level calculations show these costs, and they’re also showing up in practical ways as we breach environmental boundaries and undermine nature. These breaches translate into financial risks for institutions: lack of water disrupts operations and supply chains where water is an essential input for manufacturing or power production; soil degradation reduces agricultural yields; the decline of pollinator species affects agriculture. All of this leads to direct financial risks for organizations, for businesses, and ultimately for investors. The root cause is that decision-making within businesses and financial institutions currently relies on financial data and metrics that do not factor in nature. Nature is treated within the economy as though it is unlimited and predominantly free, and the risks and harms are not costed in financial terms. While macro-level costs can be calculated, they are not integrated into day-to-day decision making. The consequence is that our economies are placed at fundamental risk. We cannot do business on a dead planet. To protect natural systems, one solution is to bring nature onto the balance sheet—bring nature into the ways decisions are made within business, allocate a value to it, and integrate it into accounting and financial mechanisms.

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Immediate action is needed to address the global crisis and create a sustainable future. The pandemic has highlighted the urgency of the situation, which has been ignored for too long. It is now becoming a catastrophic problem that will surpass the impact of COVID-19. To tackle this, a martial-like plan is necessary for nature, people, and the planet. The melting permafrost in Siberia and the fires in the Pantanal are clear signs of the critical state we are in. We must approach this challenge with a warlike mindset and shift our trajectory towards a net zero target.

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As a young generation, we are grateful to penetrate cabinets. The change can be shaped by us. We have to prepare for a more angry world by taking action to create a fairer world. I see the need for a great reset. People assume we are just going back to the good old world, but this is fiction. It will not happen. There is only one way this pandemic is going to go: it's going to get worse and worse and worse. The next crisis is already waiting for us, and it is the climate crisis.

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We are rapidly causing mass extinctions, leading to the depletion of nature's diverse species. To ensure a sustainable future, we must integrate sustainability into every aspect of our economy. I am launching the Terra Castle as a recovery plan for nature, people, and the planet. This initiative recognizes the importance and value of nature and represents a significant change in our approach to industry and the economy. We need to accelerate our timelines for change to make a transformative shift by the end of the decade, before it's too late.
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