Economists estimate the economic fall out from the COVID-19 virus pandemic could approach $10 trillion dollars, or around one eighth of global GDP. A letter to the World Health Organisation this week, signed by almost 250 organisations, points to a solution. A massive crackdown on wildlife trade markets worldwide. It is time to call out this health crisis for what it is - a by-product of the US$ billion trade in environmental crime.
When seeking the origins of this COVID-19 crisis, we need to look less into human health, but into the collective blindness among regulators and within the financial sector of the huge dependencies the global economy has on biodiversity, and the devastating impacts on us all when our effect on these dependencies, becomes increasingly unsustainable. COVID-19 is nature’s $10 trillion dollar bite back, and this is just the beginning
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Economists estimate the economic fall out from the COVID-19 virus pandemic could approach $10 trillion dollars, or around one eighth of global GDP. A letter to the World Health Organisation this week, signed by almost 250 organisations, points to a solution. A massive crackdown on wildlife trade markets worldwide. It is time to call out this health crisis for what it is - a by-product of the US$ billion trade in environmental crime.
When seeking the origins of this COVID-19 crisis, we need to look less into human health, but into the collective blindness among regulators and within the financial sector of the huge dependencies the global economy has on biodiversity, and the devastating impacts on us all when our effect on these dependencies, becomes increasingly unsustainable. COVID-19 is nature’s $10 trillion dollar bite back, and this is just the beginning
Hosted on Acast. See acast.com/privacy for more information.
Did you know that each elephant's footprint has a unique pattern which can be used to identify individuals? In the natural world, evolution tends to make animals bigger, But even the biggest creatures, like elephants, can be extraordinarily gentle with their footprint. In the financial world size matters too. Banks and financial institutions are all getting bigger. In fact, there's a fascinating statistic that the largest 1% of the world's financial houses manage over 60% of total industrial assets. Can you imagine the concentration of power that means?
So what kind of a footprint does finance have? And how can we make finance gentle with its footprint around the world? Impact investing which is focused on producing a social and environmental impact while also generating a profit has gathered a lot of attention in recent years. But how do we transition into impact investments that produce a purpose?
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