celebrating the social and cultural importance of songs of the golf on al jazeera. what we do in, i'll just, sarah, is try to balance this story and leave the people who allow was into their lives, dignity and humanity. ah, i'm carry johnston window on the top stories here on al jazeera. you, him on it's hearing corridors, are due to open to ensure more people can escape ukraine's besieged city of mario pulp. ukrainian officials say russia is still attacking the as our star steel plot . there, despite a ceasefire, they report to nearly $500.00 people have made it out of the port city. but about 200 civilians in 2000 ukrainian fighters are trapped in the industrial area when eastern ukraine russia is pushing ahead with its offensive. cha, stratford has more now from bankruptcy, in don yeske,

well more heavy fighting overnights and into this morning in various locations in the east of ukraine and both the donnette screeching and the lucon screech. and yet again, we're hearing form the ukranian all sorties about heavy fighting in and around the town of papa's. now, now this has been contested for weeks. now we know that sir, all evacuation efforts, those evacuation if it's being led by volunteers stopped a couple of days ago. we're also hearing from the regional military authorities of lou guns. they're saying that around $50000.00 civilians still trapped in towns like papa's anna and the surrounding villages. and as i say, evacuation efforts pretty much stopped. we know that russian forces had been trying to push down south towards those cities of sla vianza and cremmit tool square. of course, yesterday we saw the city recovering from one of the largest bombardments of rockets to hit the city since the war began. now we were in the forests in that area

between kramer tools and easy him yesterday speaking to soldiers, off camera, they wouldn't allow us to film. but they said that they had repelled at least 3 ways or 3 attempts by russian pools used to push through their positions in that area. there was a lot of heavy shelling that we could hear as well from around is im and post to the west of ism and to the east. so were, as i say at the moment it seems to be a bit of a stalemate, right? the way across this region, the ukrainians so far saying that they are managing to defend their positions. amnesty international says it's a gathered evidence of russian war crimes which the criminal denies and includes the use of cluster munitions and extra judicial kennings. we know they are part of the pattern, but as characterized rush, yes, conduct of the are still it is from the outset a repeated pattern,

large in scale and the best stating in impact. police in israel are searching for 2 men. suspected of a stabbing attack in the central city of a lat. they released pictures of the pair. 3 people were killed and several others injured in thursday's attack. a nationwide strike is underway in sri lanka, with millions of workers stopping work on friday is the latest protest calling for the government to resign as a country faces its worse economic crisis in 70 years. they've been key losses for britain's governing conservative party in lincoln elections. prime minister boris johnson's party has lost control of several areas of london, while rivals labor and the liberal democrats have gained ground. vote is the 1st major test for boris johnson. after the so called party gates, scandal and the war in ukraine, hong kong only leadership candidate, john lee has held a campaign rally,

even though he's not in an election race. a former security official will be chosen to the, the global financial hub on sunday. the city's residents have a limited se in leads them. elections in the philippines will be held on monday. poll that's being described as most important in its history. top contenders are front runner, ferdinand, marcus, junior, and vice president. and he, reader, our course is the son of a former president, ferdinand marcus was ousted in the people's uprising in 1986 powerful tornadoes have left thousands of people without electricity in the u. s. state of oklahoma. homes and businesses were damaged in wednesday night storms, which caused flooding in parts of the state and arkansas. officials are using drones to assess the damage. they saw the headline. news continues harold al jazeera after crossing the fight. ah

aah! with his heating up fast and we have ourselves to blame that look at the problem of global warming where water is getting scarcer arable land shrinking is now being claimed that we're entering upon a sick, massive sick earth. as we know, it today will cease to exist, use new information that reveals just how fast ah

bought if economic and financial markets could save the planet with we use nature because she's valuable, but we lose nature because she is free. if we invest money in protecting nature. busy words very, very high financial returns economists, bankers, investment funds, and finances are taking an interest in the environmental crisis. they say that they can protect the planet their way with money. how much is the peach that you visit every year? actually, why? how much for the forest that you love to walk in so much?

what is the value of planning a manual? an insect? does this combination seem a tool unnatural? ti, financial isolation was to rate the awe endangered species of forests. a treated like financial products can market succeed where politics have so far failed. but at what risk? at what price lou, sometimes i described the challenge that we have as the economic invisibility of nature. what i mean by that is that most of what major provides is not transacted in markets where there's clean air or fresh water or where there's the pollination

of bees for fruit trees. when did of be ever send you an invoice, billions of workers toiling away without a break in silence, and for no pay for millennia, no one recognized neither their value nor all the work they do. it took a tragedy for us to finally recognize that he cannot make value and the u. s. a large part of an actual wild be population has died off. something is happening in europe. there are hundreds of people who cheap, large numbers are being used. ah, they keep them in hives, and when a farmer wants his fields, pollinators, ah, he actually calls one of the commercial polynesian firms. now this is a right for hiring. a 1000000 being used for a week are to pull an actual crops what

if tomorrow they were to disappear entirely? what if we had to replace these bees with humans and therefore pay them? the polynesian service of bees is economically invisible, but the total value of that was found to be something like $200000000000.00. that's almost 8 percent of the total agricultural output on a we look at these little creatures differently now that we know that they are worth $200000000000.00, don't weigh. we immediately pay more attention to them. all that wealth in a bee hive. and we humans never realized it. mister johnson? yes. my mother nature here. i'm here to collect the last month's nature usage. meet your usage. okay, let me see. the sun rose and said, oh look at bed every day. it was

a cool breeze on tuesday. but what if the solution was already here? we just need to put a price on everything that nature provides. pollination the pleasure of walking in a park cleaner module is the word. wow, that is a good question. um and how much is would it be worth? you can't put a price that we can put a price lock. yeah, yeah. it's price like i $1.00 they took to be free, made to us where people we were and learn how to protect it and that shouldn't have to do something with the money. my daughters live in a, in a flat we have in, in new york. this is on 56th street, but if i bought the same flat in 58th street, i checked and the value was more than twice as much. why do you think the value between $56.50 s street for the same area? 1000 square feet is twice as much because the one that is on 50th is next to

central park. just the ability of people to see greenery is worth $1000000.00 extra . and i see you're running a little behind on your oxygen bill. i wouldn't let that continue very long if i were you, mr. well, i'm a little short this week. so let me cash or charge. if she does, she will discount a while to do this unique kinessa lupita to interview daniel michelle. she best unique is your boss, grenette repeating that you sit or senior, you will connect the revenue basket. i'm going for oswald, you don't see stemmed kid from should for all of that to me. so kinda faculty, no cooper. ah. our economic system was created in a very different era. it was created hundreds of years ago when what was valuable,

what was scarce, were capital and labor. right? so that's what we put a value on all the natural resources, all the ecosystems, all the clean air, clean water. there was too much of that, you know, and so we didn't put a value on it. having plenty of clean air, water and animal species, is of no interest to the markets. they hate things that are abundant and free. the equation is beginning to change. nature is the el dorado of the 21st century. a new economic sector with promises of huge returns for investors. banks, finance corporations and states are attracted into it. they will know that on a dead planet. no one will do business any more

about it. they all jamica, alter it or done. you persuade shopping, lucille, or kill approach google to model remodeled real push all caught up of us to come in. detroit is equal. she said we li, pulmonary to 60 up. it is truly spread. figure on then to address you as your me do . oh shoot, i'm a more do the struggle that they will, that i'm actually mom dispersed on only once we book a previous critically cup lucila jennette. i opened it up with professional enough that's fundamental economic theory. you know, supply and demand. the more there is supply of something, the less the price, the less than demand, the less the price, but the more the demand and the less the supply, the higher the price, right? and effectively right now, the price we're putting on the environment and i'm natural services is 0 effectively,

but that's come after change as the supply of these natural resources continues to dwindle. and the demand in the form of people continues to grow. with applying the law of supply and demand to natural resources in species is something new. until now, almost no one had ever thought of putting life itself into the economic machine. yes, i am all in all places and all pro shield is each these humor as shorter than it levied then. dick's thanks john. this bear says, so i'm in hope you are kid, could m o e n s u g h o the song is daniel. any lab there on your what you increase the beauty authentic, severe old city a. so sounds like me. and then this was the time of one of the greatest geological disasters, the dinosaur disappeared. and along with them 70 percent of all animal species. we

could now be in the middle of a similar crisis. only this time it is not a meteor that caused it. it's man no citizen models exist the most bottom unit. daniels beer is the process. little similar to the little cell other, solomon, the lawson would be more simple seen quicker or i guess in not us beloved us, nor saw more serious manners. rosecrest industry on that would alyssa, isn't she still economical? since the industrial revolution, the world's population has increased 6 fold. water consumption risen by a factor of 3. the amount of carbon in the atmosphere has doubled. the global temperature has increased and half the world's rain forests have disappeared . our ecological footprint is escalating to satisfy our needs.

we're using the resources of one and a half us. if we continue at this rate by 2030, will need to planets by 2052 and a half. what happens if there are very much less trees? if there's not the clean water we need, where we need it when we need it. if there isn't the clean air where we want it, where we need it, that becomes scarcer, that becomes more valuable. we're going to start to put a price on it. we're going to start to put a price on the destruction of it. and we believe there are opportunities in that transition to profit from that transition. besides business has already started about a 100 miles east of los angeles. there's a fly, probably the most expensive fly in the world.

here, here comes, i hear flying right by us. that is one of them. here it is again. see that up there . a century ago. there may have been on the order of around 40 square miles of, of habitat that is essentially the distribution of the sand dune. and over the 20th century, 95 percent of the remaining habitat has been destroyed or converted over to other uses. only a small fraction of that 5 percent support good populations of this rare insect, this dell hi sand flower loving fly and

they emerge during the heat of the summer and the adult fly only lives for a few days. at the most, colton county underwent huge economic development. business and industry gradually swallowed the sand dunes while the so called dell high sunflower, loving fly, had the sad honor of becoming the 1st american flight on the endangered species list. to protect it. in 1993, the state froze on commercial activity on its habitat. colson's growth dropped to 0, all because of a buck the citizens here. you know what jobs the citizens want. retail services, they want more businesses to be here. and right now were prevented from bringing them into town. so the fly found itself hated by the entire population. but one

man's misfortune, the fly is a rare species with real property, makes a very good financial investment. we can create as much value for both our stockholders, as well as create a biological opportunity for conservation by turning it into a mitigation bank. so our most recent sales have been $250000.00 an acre. a bank saw an opportunity here, a mitigation bank. it realized that it could make money off this uses little sam flies. it bought a part of the flies habitat. and then it did nothing, leaving the insect to live in peace while selling shasky. if a business wants to develop a project on the land where the fly lives there will find itself blocked by the state. but by buying shares, the entrepreneur can offset his impact by investing in the insect protection unsecured, his right. to develop his business. the bank has already made $20000000.00. the

free market has to find out a good balance between adequate conservation. sure value, allowing development to go for a bank making money by protecting a species. that sounds like a win win situation, right? but for the inhabitants, the bank is still a fly. in the ointment, the fly is winning the war with the flies in place. we've lost millions and millions and millions of dollars, years and years and years of time. you know, we can't replace what we've lost. there would be cheaper to people to go out and kill the flies than to mitigate joe jock. the true but true, but true. saw oh,

in the united states, species protection is in the hands of these new bankers, businesses, estate agents, road builders, any one whose activity endangers animals has to pay these banks. they protect more than a 1000000 acres of land. they sell wet plans, credit, cacti, credits, prairie dog credits. even liz, it's quite it. mm wild glance is the biggest mitigation bank of the american west or annual revenues exceed $40000000.00 a year and litigation sales way better. gay, for jagger's like 1st salmon steel had delta smell, split tail. it's once in hawk,

for burrowing out for desert tortoise elderberry longhorn beetle. tadpole shrimp. very shrub. our customers are aware of the local solutions awaken private. now these customers will come and say, i'm building a shopping center. i'm affecting burnell pulls our infecting our burrowing. now, do you have something that could help me offset my requirements? so we take a look at our inventory. we provide them a quotation for a solution. and then we borrow that those credits to them as an a non tangible transaction. we give them a relief of their liability as a certificate of good. well ah, do these banks choose to invest in and protect one species rather than another? what happens to those endangered species living in areas of the us with as nobody

with as note economic development, and therefore no one to buy credits. choosing between one and dangerous bases and another dangerous base, it all depends on market demand. buying landscapes protecting landscapes accumulating their landscapes. it's a phenomenal opportunity to be able to use a business model to achieve sustainability of nature where we weren't profitable, we wouldn't have money to reinvest in these future projects. ah, the laws of the market applied to endangered species. surprising, right? how can we let banks decide which species of wealth saving and which ones not? which ones deserve to live and which are to die on the altar of profit? ah,

if you were to go on the species banking dot com, you would find probably about 700 different banks. um, and it's roughly a, it's roughly between 2 and a half to 3 and a half for $1000000000.00 a year that are in banking this market for endangered species is developing today. all these mitigation banks are listed. he want to know which one protects the swenson's hawk, the tiger salamander or the desert fox. with one click, the endangered species appear. and the number of credits issued above it is fish's de la beauty bitter cedar cas yell mass lucrative us for low tunnel barnett in ed my your flu holding barithium. the interest address is busy as the blunt, as when the mallet cannot filter as a threat, give us ballot in it. minnows from who the monsieur bottle of dental is.

does one i said previously here with me in this case, that banner gazette i did have, but i said, hi, i'm joan. i work for a company, a big company. i company this deal was a realize it relies on nature, which is why i'm organizing a meeting, a big meeting to discuss natural capital. it's a new idea to boost business. you've heard of financial capital. so what is natural capital? natural capital is capital, which nature created, not us. so the climate system is natural capital. there are trees with a natural capital because they take count knox not out of the atmosphere produced oxygen. robado versa is a form of natural capital. so let's take a shoe. this one to lever come from towers to make a cow, unit, grass, and grain. not a lot of land and a lot of water. it provides the clean water that we need,

that healthy food that we need. nature through things like for us, provides us protection from storms or floods. and that's what i mean by nature's fortune. and so when we speak like academics, we call what nature does for us ecosystem services. so nature has become a real business. it has its own capital and can offer it services to consumers without wagon in the amazon rain forests, there would be no agricultural economy in south america. a service estimated to be worth $240000000000.00. there is an area that is the ocean, the scar reefs, as you can see, great cut across the entire globe all the way from micronesia, across into the seo militia, india, madagascar, and to the west of the caribbean. these red dots, these red areas basically provide the food and livelihood for more than half

a 1000000 people. so that's almost an 8th of society and find to tell us that any level of carbon dioxide in the atmosphere above $350.00 parts per 1000000 is too dangerous for the survival of these reefs. we are risking over time. patterns look, death has become the global glue on economy and biodiversity developing his goal is to convince the world of the importance of these capital assets. 50, calculating the economic value of nature has become his life's purpose. he can put a figure on an ecosystem as easily as he can assess global loss if at the risk of turning nature into a commodity. the total loss of value every year was almost $2.00 to $4.00 trillion us dollars. that is due to $4000000.00 us dollars. that's almost the same size as the last that was offered in the financial, a meltdown in 2008, which was about 5 trillion dollars. so that gives you

a sense of how big these losses are. and yet they are invisible because we're not accounting for the capital. when it disappears, when the forest disappear, when the wetland is closed, we're not accounting for the losses because we're not accounting for the income. the assets are invisible, same problem, economic invisibility of nature. there are certainly some people who feel uneasy about putting a price on nature a feel of some are nitrous, intrinsically invaluable, only if we got business and government as equal partners in this debate will we find the solutions and the scale to the solution that the world with a, with

doing the debate, there is no, he job bad. you know, if anyone here talks about women that i had a been says, notes, don't take it off the table. we were taught to see abortion had a one way. tickets try to help all of the companies. they deny any responsibility, even though they have the resources in the power to fix that, where a global audience becomes a global community. a comment section is right here. the part of today's program, this stream on al jazeera, short films of hope and inspiration, ah, personal stories of 3 young women, challenging the world around them. al

jazeera select. ah, i'm carry johnston into the top stories now on al jazeera, you humanity and corridors are due to open to ensure more people can escape ukraine's besieged city of mario pulp with ukrainian officials say russia is still attacking the as our style. steel plant there, despite a ceasefire, they report at nearly $500.00 people have made it out of the port city. and about 200 civilians and 2000 ukrainian fighters are trapped in the industrial area. amnesty international says it's gathered evidence of russian war crimes which the criminal denies. includes the use of cluster munitions and extra judicial kennings

. we know they are popped other back to him, but as characterized rush, yes, conduct of the or steely tease from the outset. a repeated pattern large in scale, and they by stating in impact, police and israel are searching for 2 men suspect to the stabbing attack. in the central city of a lad, they released pictures of the pair. 3 people were killed and several others injured in thursday's attack. a nationwide strike is underway in sri lanka, with millions of workers stopping work on friday. is the latest protest calling for the government to resign. a country faces its worst economic crisis in 70 years. they've been t losses for britain's governing conservative party local elections on minister orest. johnston's party has lost control on several areas of london on rivals, labor and the liberal democrats have gained graft hong kong only leadership

candidates. john lee has held the campaign, roddy, even though he's not in an election race, performance security official will be chosen to lead the global financial hub on sunday. the city's residents have a limited se in who leads them. elections in the philippines will be held on monday with a poll that's been described as the most important in its history. top contenders are front runner, ferdinand marcus, junior, and vice president, n. e t libretto. marcus is a son of a former president, ferdinand marcus. how fort tornadoes have left thousands of people without electricity in the us state of oklahoma, homes and businesses were damaged in wednesday nights, storms, which caused flooding in parts of the state and arkansas. those are the headlines and these continues hair on al jazeera that's after pressing the tight

integral disease accounts to 15 percent of all data children. and with those with things the laws of the market applied to

endangered species. surprising, right? how can we let banks decide which species are worth saving? and which ones not? which ones deserve to live, and which are to die on the altar of profit? ah, just united fidgety let launch in the 10th overseas on poor g specific mon quick hunch, cigar this tension, and that unit by to put me to curriculum, do snip am jaclyn and me companies. and i to not by the very i couldn't, he can't. isaac, he who hm. but he did, he says, even though he really, he couldn't massey video, he says his ground don't hold me badly to non did amazon do this you on the set of easy quizzes to me national these are from the net in dig yohina veterans classic

on a tuesday will be you get them easy, but if you fully comprehend there are certainly some people who feel uneasy about putting a price on make sure they feel of some on nitrous intrinsically and valuable. ah, that so i am bringing the profit motive himself associated greed to bear on natural phenomenon is somehow just the wrong thing to be doing. i'm i think it's short sighted. there are many people in the world. it seems who are very short sighted, such as the thousands of protesters who demonstrated in rio during the 2012 of summit, rather than telling later into a commodity. these opponents demanded strong policies to solve the environmental crisis in vain. ah,

at 10 years ago, he ought to somebody put sustainable development on the global agenda. yet, let me be frank. our airports have not lived up to the major of the challenge. we are playing political poker with the future of our planet by not acting with the urgency that the situation called for more poverty, more conflict, and more environmental destruction. on one side, policy is incapable of providing a global solution. on the other growing markets, preserving some species and habitats. some people have chosen their site, the so called economic efficiency. early societies deify what we now call natural capital. um, there were certain goals for rivers. god, for oceans, god, for the song on israel recognizing the importance of different types of natural capital. i'm. we don't deify things today,

but we recognize the importance by putting dollar signs in front of them by making the medical capital assets not reflect the change in our society. capitalist image important today for decades and decades, we have been trying to save biodiversity and, and, and for us in those things out of the goodness of our heart, out of the fact that we know that's the right thing to do. and we have failed. we have failed miserably. um and, and i will, i'll challenge anybody in the environmental movement about that. so we need to find other instruments that can get us to much bigger scale to be able to address those issues. ah, the facade is discrete. it's home to a business that is growing with each passing year. the ecosystem market place is a non profit company based in washington dc,

which issues environmental economic reports. ah, and the idea was to create a bloomberg of environmental markets where you had literally all the transaction data publicly, transparently, and credibly available. because that then that stimulates markets. so we created what we call the matrix, which really lays out the 24 different kinds of market instruments. the matrix is the bible of the markets. the ecosystem services markets in by diversity. horton, calvin green tourism genetic missile says the ecosystem market place invented this matrix to show the potential for growth in these new el dorado, for instance, 10 percent each year for biodiversity markets,

55 percent for carbon. total electric alyssa, gold capitol? no, isn't everybody that the kiddo this, he'd kick sylvester incorporate elena trellis as he comes in could put all at the can a little here while mackie nadia butter i swiss with the lisa less but i am but i did you have the in it magazine as as lucas on this young, esther lucas. ah, with a not that crazy. they just have a business oriented my. i'm the belief that markets consult the environmental crisis. the idea is gaining ground slowly but surely convincing a growing number of people. but this idea didn't just come out of the blue. it's

being worked on and shaped for over 50 years. law decisions were some thanks us on cast itching this little devil say they like restaurant young auto. yet which and still he did was on the on of all for like anything like any delay or politics. charlie's esparsa, it is his best assess of the fair paper. i sat on omaha dawkins as shown. one is 3 . and you, louie, he always did met, hopeless and can come of more accomplish her as his elsie or john mother is this good? this is diane, merely kara bell environmental backlash. don't know how to do that tomorrow. yon mata beg ronald reagan continues to hammer away. it is major camp. he's lobbyists, found his pigs person in ronald reagan. he's available during his campaign. the republican candidate accused president carter of stifling growth with his environmental laws. but he visitor factory with thousands of people who just been

laid off, according to him because of the e. p a. the environmental protection agency reagan's tour of the decaying hearts and furniture was a symbolic effort to remind voters that tough times arrived here. while jimmy carter was president, it was closed on for 2 reasons. dumping and the big forcing cost on them for our middle protection to meet their mandates. victor could not be afforded. there was no way to do it. yasu again or is it a nissan rogue either meadow or plus infinity? do hi go. hey, strongly, i good as charge on malta. leshaw sir allen, vermont a prediction agency. the ross on january dissolve on st. paul saw he lacorte ledger extra once the posh keisha. hinton logan, you z like garza or eva, a soupy, ultimately a regulation shirley with the show for his chair,

show her lead with draw layer ideally really pu sean. lael environmental regulations are cut back or made more flexible. and this opens the door to the creation of market instruments. supposed to save nature. when george bush takes office, he continues the deregulation policy. one of the 1st testing grounds is the wetlands vast ancient swamps. vital for biodiversity, businesses would really like to use these areas where nature has been left alone. so bush invents no net loss of wetlands, no net loss of wetlands. with this new law, the president puts in place the structure that would underpin environmental markets . his method for preserving wetlands is to be compatible with economic growth. businesses will be able to destroy parts of the wetlands as long as they offset the

damage they calls yeah, bus y'all, demila saw get her all li, pontiac bulk a wu, ya city. that guitar tree, this best avoid connie is on plus or to the city june unitless. but we're seeing this exciting is that it's starting to get uptake and other places . china, brazil, mexico, peru were starting to see some real interest in these kinds of an instrument for compensation around by diversity loss o this jungle in borneo is, was some $34000000.00. the state conceited it to an investment fund that set up the

world's largest mitigation bank. it intends to make a profit by offering its credits to customers such as pension funds and insurance companies. yes, there is not very much of that forest left in saba and is not very much left in good condition. it may be only about 80000 hector's, a good lowland to pick up for a psycho primary forest that hasn't been launched. so that's what makes protecting the lowland forest very important. and that's where the, the main iconic space is actually live in long island forest. it's where the fruiting trays are, you know, so that's where the rang a tangs are the elephant. mo,

by is a 34000 to force reserve in malaysian bonia. and what's unique about this particular project is that it seeks to take a commercial approach, robin or charitable approach to, to conservation in some trying to monetize the ecological value in the forest. only who is the 3rd largest island in the world. it's forest is almost 150000000 years old. and a century ago, it covered the entire island. to day 2 thirds of it have vanished because of locking and pommel plantations. in just a few years, the island has been transformed into an ocean of monoculture. the ecological catastrophe is complete. at this rate, the last remaining orang tangs will have disappeared by the end of the decade,

just like the pick me elephant and other species. if ma house i cover the ico to go to emergency valley, instead of wing worth nothing and those bantering and are i ain't on being worth. absolutely having no valley. then the pommel company next door would have to pay that price in order to be able to destroy it and develop it. the maloof bank sells its jungle credits to pommel producers and any other food processing companies around the world that use the oil in their products will forcing those who destroy primary forests to pay for this destruction. save the great apes. and does it. it is in a low, he got me better, better, but good kid that he can get dinner. bladder for the compressor was born. he that really led to relish lucille. did she go as a beauty bitten?

some better meals, but i can't, i mean an some better means. but at this drill and a to listen for his wisdom, mccannen was better better, so imbedded bristles, berlin and to the eliza he, nita, except them in the local variable. good in community nano. latino bremar compresses . so if he called you couldn't, in whose to figure sadistic singularities me . ah, my bank sky is not yet profitable. but the heavy weights of the market believe in the future. in 2013, hsbc was the 1st bank to publish a report on natural capital. these environmental market, originally seen of mission, are looking at the more promising natural capital issues

of fundamentals, how we will live in the future. we may see population migration species, migration. we may see huge changes in the way people live, invest as a thinking more about natural capital because they realize that it can offer a constraint and an opportunity. they want to think about how the investments will generate long term value for the stakeholders. and that means thinking about how the supply of natural capital may change, how disruption might occur in relation to natural capital resources. ah, the next wave of real financial gains could be environmental markets for sure. with the bank, you look at both the risk and the opportunity around these issues. and i think all

of them are recognizing that natural resources are very important. so the j. p. morgan chase is merrill lynch's, and bank of america, all of these major banks there. the institutions that invest in the businesses that are doing the projects that are having an effect on bio diversity, positive or negative. so they're, they're a very important piece of our, of our coalition. so that is who is behind the ecosystem marketplace. who is interested in these markets in their potential and who sits on their boards and committees? when we look at the development of biodiversity markets, we find some very well known actors. banks in particular,

and was curious and scary at the same time. is that oftentimes these are the very same banks, but we're also very actively involved in the trading that lead to the last large financial crisis. banks of course don't do that because they have at the heart, ah, protection of nature. they do that because to see a business in they want to become the ones who provide the trading platforms bank of america merrill lynch was find a reco, $17000000000.00 by the american government until it is linked to the supreme mortgage crisis. j. p. morgan chase, the largest bank in the usa, had to pay a $13000000000.00 fine for the same chart if city group saved from

bankruptcy by the same government, paid hundreds of millions of dollars to escape legal proceedings. by disaffected clients. we can even find companies set up my former employees of goldman sachs, the same bank that made billions and profit by speculating on the crisis. can leopards changed their spots? you might even think they're the bad guys. maybe they even have been the bad guys in the past, but sometimes they were the bad guys because they were making mistakes. they didn't know better. and see whether you can convert a bad guy or somebody who's just not paying attention into being an ally. because if we can do that, we can get so much more done. that was the boss of one of the biggest nitro

protection agencies in the u. s. his remarks are somewhat surprising on play. the nature conservancy has almost 1000000 members and protects millions of acres of land. i marine areas around the world. but is this nicety or strategy? i had a really fortunate experience when i worked at goldman sachs, um i had been a mainstream investment banker for more than 20 years. and then my final position before, during the nature conservancy was leading an environmental effort for the firm. having a c e o that has all of his experience coming from the world of banking and corporate banking. in particular. how will continue to look for either solutions to the crisis where those solutions don't hurt. the very sector that has made his career

i'm a banker. i understand the difference between prices and values. i also understand that nature has huge value, which we are simply not learned out. appreciate. have answered death is the global reference in this sector. the man with the most influence, he made his career at deutscher bank. he argues that putting a price on nature doesn't mean turning it into a commodity. he simply hopes to make states more aware of their ecological riches, and make companies more responsible. can a banker change his own nature to economics as near weaponry the direction which are short is an ethical choice. i have made that ethical choice to shoot in the right direction using the same weapon with his economic weapon, the ecologist banker has targeted the politicians. he has already won the battle of

ideas with international institutions and their directors. the situation in european union, of course, could be better. or despite lot of things which we are doing or the facts are that still only 17 percent off our habits and speeches are in good environmental status . and only 11 percent of ecosystems are in such kind of status. i think it's nothing to hide, obviously failed. it's the dark side of development corporations that ensure our comfortable lives and causing damages. we'd rather ignore oil, chemical and steel industries, areas where the air is choked with carbon dioxide. sulfur dioxide, benzine, lighter carbons, metals, europe, urbanized it industrialized. in these areas, the people are ill and biodiversity is dying out.

when you financed by diversity, you can logically look to do public funds. but at the end of the day, you know, many look at the public funds and there are many needs which you would need to address of the public funds. so it is most important that you use also private funding. and so that's why this university financing mechanisms logic started to emerge long, freshly as it was a g. m, from clinical studio haig crew. now you're not a good torture. it could be put in. did you could have ye kupta dog isn't that underneath? he could. he cannot read on the needle. he couldn't. oh, executors, he could have gotten taken him. it is into may compress music because obviously the content could be able to share your like with you yesterday. welcoming a complaint and a booking duke and

a need to put his act up here in brussels, where they lobbies capital for your opinion. you have between 15050000 lobbies and that most of them work for corporations. we want to have this partnership with the business sector, because without the partnership, we have are practically nobody chance to succeed. now, in 2 decades, multinational corporations, a fashioned and effective lobby group, i think we're slowly, but certainly moving to a states where it will become equal partners in the discussion. sometimes people say to me, mark, why would you work with companies that have such big environmental footprints? and i say that's exactly why we should work with them letting us young as we need us in this is cynthia sustained going be lithium, though?

a lot roman thought as billing, but it's young pretty valid in her planet is to emerge in gone through the is several k, a who lament element, the system that has a young in and medical, the lattice eunice when he lou. so all the un business corporations, bankers and politicians all in back together. is there an international plot against nature? and what if this alliance was the only means of saving the planet? we always missing around the was this hungry money, which is only looking at how to make the next profit, devastating economies, devastating ecosystems. putting a price on the protection of nature. green economy, a sound good. but it was all about privatization of nature. should our environment

be for sale? what we're trying to do is persuade people to stabilize the climate. i've given them a financial incentive to do that. pricing the planet on al jazeera, with the journey has begun the faithful world copies on its way to catherine book. your travel package to day? how much to south america, his boss can in some lovely autumn sunshine law as the clear skies as you can see coming entirely they have some wet weather, windy wintry weather doubts was far south of argentina and also chilly. some lie be storms containing, once again across, nor the parts of brazil. it's sharon ob gyn a french guide, venezuela and columbia, the inter tropical virgin side. of course,

the seasonal ranks which continue to pep up from time to time or thundering, downpours, cropping up across sea area as we go on through wes saturday that wes whether it does much up into southern parts of the caribbean. so we will see some live the shower, thick cloud there in to where panama, costa rica, northern parts of the region just round the abbey sea island. for example, the eastern islands to winwood. similarly with their lottie, fine and dry, we have got some showers, therefore espanol left puerto rico for cuba, chance of the shower to into jamaica. similar pictures you go on into sad stay, chassis from showers just coming back into the li was by state. you know, says meanwhile, severe storms continue across the eastern side of the u. s. just around the ohio valley. pushing over tall said, east coast grass. she may come the way further northwards, at least as we go on through sashay, clearer dry weather coming in behind, cattle air with bishop airline of the journey. on may, 9th,

the philippines will vote to elect a new president to replace the rodrigo there. and more than 35 years in the country emerged from his father's dictatorship with front runner, britain at mark this junior part as the philippines thought. join us for special coverage on now 0. ah, this is al jazeera ah, i'm terry johnston. this is denise our life from day we're coming up in the next 60 days. ukraine. it says nearly 500 civilians have now been rescued in maria poll. russia continues. it's shelly in the east. but also on the southern front lines where russia appears to be fighting, to carve out a new land corridor to crimea. also ahead a search is underway in is.