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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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Climate change is an existential threat that we all recognize, but addressing it creates value. Society increasingly values achieving net zero, spurred by sustainable development goals, the Paris agreement, social movements, and government action. Companies and investors who are part of the solution will be rewarded, while those lagging behind will be punished. Investing in new technologies and changing business practices to reduce and eliminate climate change is vital.

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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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The crisis has shown that rapid shifts are possible when we feel the immediate emergency to our livelihood. The current system is not sustainable. This is a great opportunity for a reset, using the large amounts of money and increased policy levers available to create a significant change. We need to position nature at the core of the economy.

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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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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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We need to accelerate action on eco-consciousness in business, government, and individual behavior. EcoXiD aims to legally define ecocide as a serious crime to ensure ecological considerations in decision-making. The current lack of accountability for environmental damage contrasts with the seriousness of crimes against people. By recognizing ecocide as a crime, we can shift towards more sustainable practices and prevent further harm to nature.

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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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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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In the post-COVID world, it is crucial to ensure that the benefits of the 4th industrial revolution are shared by everyone. This can be achieved through fair investments in education and reskilling. Additionally, we need a new framework to regulate data, intellectual property, and competition in this revolution. Public-private cooperation is essential for this. Embracing the industrial revolution and its technology is vital for our future prosperity.

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We can create a new world order for ourselves and future generations.

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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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You demanded action, and now it's time for the financial sector to deliver. To reach net zero, every country, every company, every bank, every investor, every pension fund around the world will need to make some big changes. In the run up to COP twenty six in Glasgow, we have an enormous opportunity to bring climate change into the heart of every financial decision, and our plan will manage the risk from climate change while helping to seize the opportunities from a newer, greener economy. The UK has been at the forefront of innovation for centuries brimming with ingenuity and a can do spirit. It also houses the world's largest financial system, and by bringing them together, we can deliver the net zero world that you've demanded and that our future generations deserve. The world's coming to Glasgow. Let's reshape finance for a sustainable world.

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Let's focus on creating fair and equitable societies through sustainability. By addressing inequality, colonization, and the commodification of nature, we can improve lives for all. ChangeNow showcases solutions that prove we can do better.

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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.

TED

Yuval Noah Harari: The Actual Cost of Preventing Climate Breakdown | TED
Guests: Yuval Noah Harari
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As the climate crisis escalates, we can prevent ecological disaster by investing an additional two percent of global GDP in clean technologies and infrastructure. This investment, estimated at around 1.7 trillion dollars, is feasible and can create jobs while reducing health costs. Politicians can shift resources effectively, and we must demand action to protect our future.
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