says, am similarities of cultures across the wound center matter where you call hand out is era will bring you the news and current affairs that mattie al jazeera. ah, i'm the booker in london, the top stories here on al jazeera. so lancoste prime minister may hinder roger paxis has resigned following weeks of protests against the government's failure to solve an unprecedented economic crisis. at least 4 people, including a member of parliament, died and fighting between rival groups on monday, a nationwide curfew has now been imposed lower burden. manley has more ha, a show of food on the street for like a captain, colombo, public discontent in simmering for months. over an economy close to bankruptcy,

prime minister machine to reggie pucker has bowed down to pressure to resign. today's racing nation is lowered you, but he is unlikely to address the cause. the demands of the pre k. e randy spied the curfew in a state of emergency many on their roads now because they feel they are cause bad. the man's need to be good. demonstrators of rally for weeks outside the offices of roger pac for and his brother, president got to pyre. roger pac sir, demanding both stepped down. oh, monday morning, approved government groups due to protest camp outside the prime minister's office, attacking people with sticks and metal bars, destroying the 10th keys for food, steel,

and medicine. a common for the 22000000 shoreline can. the pandemic, a loss of tourism, and rising oil prices are all hitting hot for reserves is dwindled to about $50000000.00. the monthly guess import bill is $40000000000.00. the government has turned to the international monetary fund for bailout, but that will take at least 6 months to be finalized. not just the i m f, sri lanka is also true. and to get ahold from india and china and other countries, just to even get some, a bridge financing to get over the next 6 months. and a so much are political instability. it provides a little confidence to even get that kind of financing a state of emergency and care if you have been imposed. and the military deployed on the street thoughts, public anger remains, and so to demands for the president to follow his brother and resign to moore about

a manly unto sarah. russia's president has told his forces there fighting for the motherland and its future in ukraine. vladimir putin lead victory de commemorations in moscow, marking the surrender of nancy germany to soviet troops in 1945. but he stopped short of announcing any plans to step up the military operation in ukraine. ukrainian president vladimir zalinski says russia's actions are a betrayal of victory day cuz she has a bla, seizure. little russia has forgotten everything that was important to the winners or world or to leave us. but ukraine and the whole free world will remind vanish. so that no one will ever forget ships to again their weight. she the really important words she never again are repeated around the free world every year. sure . in memory of the victims of world or to school, the russian ambassador to poland was doused in red paint by anti war protests as during victory day commemorations, their ambassador. so gay and dry of on his staff was surrounded by demonstrators

that a wreath laying ceremony at a soviet military cemetery in warsaw, protested, carrying ukrainian flags chanted fascists. hillis and shame us present, joe biden has approved a new law, speeding up the delivery of weapons. the military equipment to ukraine biden signed off the lend lease acts in the oval office saying the u. s. supports the ukrainians fight to defend their country and democracy against putin's brutal war. the u. s. has already provided billions of dollars and weapons to ukraine. unofficial results from the philippines show funded on macos junior will be the country's next president. marcos juno is reported to have more than twice the number of votes of his closest rival. the 64 year old is the son of the countries light dictate upon results are expected by tuesday. you without the repricing the planets. it's next investigating the buying and selling of nature. ah

aah! with his heating 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 are treated like financial products. can market succeed where politics have so far failed, but at what risk? at what price? so, lou 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 is 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 recognised 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 and something is happening in europe. there are hundreds of people who cheap, large numbers are being used. ah, they cheap them in hives, and when a farmer wants it feels 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 beehive. and we humans never realized it. mister johnson? yes. hi, 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, it bet. 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 up for. yeah, yeah, it's price like i one needs to be pre made to us that people we were and this should learn how to protect it and that shouldn't have to do something with 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 58 street, i checked and the value was more than twice as much. why do you think the value between 561050 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. jones. well, i'm a little short this week. so let me cash your charge. if she does, she will discount 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 use them to kill from should follow that to me. so kinda back wanted 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 the dead planet, no one will do business any more about

it or do medical or treat or done your password shopping. lucille? oh, cool about google to model you mailed. real push all caught up about to come is did treat is equal. she said, we only put here it is x t up it is truly spread. figure on then to just show us your me do oh sure. i'm a more do the struggle that they will, that i'm actually mom, des space only only did we book of leviticus click up lucille. she nearly opened it up a 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 the 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 i know. please don't throw shoulders each these you more as jonathan it levy then dick's thanks. john is his best. his saw him in hope. your kid could m o e n as eulu ye co, the song, is there any lab there on your what you know kind of beauty, authentic or severe old city or so? sounds like new york. 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's not a meteor that caused it. it's man, no citizen manners exist the most, bowden regions. daniel's bill is to process lift similar to release assailable solomon the lucel would be more see in the scene quinta or i guess in retros palarez nor so no serious manner. roscoe spent history on that would, alyssa, it was she still economical? since the industrial revolution, the world's population has increased 6 phone 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 rain forests have disappeared. our ecological footprint is escalating to satisfy our needs. we are 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 here flying right by it. 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 supports good populations of this rare insect, this del high 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 bach the citizens here. you know, what jobs the citizens, what 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 rare 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 medication 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 these 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 junk jock. the true but true, but true. saw whole

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. mm hm. they sell wet plans, credit, cacti, credits, prairie dog credits. even liz, it's quite it. mm. mm. wild lance 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. sweat tail. it's once in hawk,

for burrowing out. for desert tortoise. elderberry long, hard beetle, tadpole shrimp, very shrub. our customers are aware of the local solutions or we can provide. 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 will help me offset my requirements? so we take a look at our inventory, we provide them a quotation for our 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, 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

a note economic development, and therefore, no one to buy credits. choosing between one and dangerous bases and another nature space, it all depends on market demand. buying landscapes protecting landscapes accumulating though landscapes. it's a phenomenal opportunity to be able to use a business model to achieve sustainability of nature. we weren't profitable, we wouldn't have wanted to reimburse delays future projects in 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,

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 this is the lobby of the better cedar casio mass lucrative us. for low tunnel barnett in ed my, your flu holding barithium, the interest address is busy as the plan does when the malice cannot filter as a threat, d was ballot, then it minnows, flu who the medicine bottle of dental is does one i said previously here this

means ruskie says banner gazette, or somebody 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 nitro created not us. so the climate system is natural capital. there are trees with a natural capital because they take comp knox out out of the atmosphere, produced oxygen. a bond of hosting 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 surfaces 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 scar reeves as you can see, quick 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 losses 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 capitol. 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 and valuable, 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 need a unique form of protest by a palestinian artist using a symbol of national identity to create postage and passport stamps. but as for some burgers, for you, donnie life player to be a bit gone flight anyway, sending a message of resistance about the arab israeli conflict. a lot of weight come to

palestine, palestine sun bed, a stamp of defiance on al jazeera, showed signs of o and inspiration. personal stories of people who are keeping the spirit of freedom alive by courageously defending their rights to be heard. with al jazeera select with, i don't get a guest with

lou. i'm nice, parker in london, the top stories on al jazeera, so lank as prime minister may hinder roger pac sir, has resigned. his decision followed weeks of protests against the government's failure to solve an unprecedented economic crisis. at least 4 people, including a member of parliament, died and fighting between rival political groups. on monday, dozens were injured at the form of prime ministers home as police fire tig asked to try to stop the violence. the state of emergency has been declared on a nationwide curfew. impose linelle fernandez reports from colombo that raja packs

. his resignation is unlikely to quell protests. there's a cough you in the entire of the island and does it seem like people actually care? it's actually given them the motivation to come together and fight back. so people actually having reached the us out of top of that tolerance and not willing to take any more where they'd be in the form of intimidation. we also found that a state of emergency was declared just 2 days ago, but it doesn't seem to be having any effect on the people they have said enough is enough. they're going to take a stand onto the roger boxes and the government resign. russia's president has told his forces, they are fighting for the motherland and its future in ukraine. vladimir putin lead victory de commemorations and moscow balking the surrender of nazi germany to soviet troops in 1945. but he stopped short of announcing any plans to step up the military operation in ukraine. the russian ambassador to poland was 1000 red paint

by anti war protest as during victory de commemorations their ambassadors. so gay and drove and his staff was surrounded by demonstrations that a wreath laying ceremony and the soviet military cemetery and will so protests use carrying ukrainian flags, chanted fascists, killers and shame. before furring pains and the diplomat unofficial results from the philippines show, ferdinand marcus junior will be the country's next president, marco's juniors of port, have more than twice the number of votes of his close. his rival, the 64 year old as the son of the country's late dictator. it was overthrown and a revolution 36 years ago. despite that, the marcos family retained his influence in politics with boss wealth and far reaching connections. final results are expected by tuesday. you without 0 pricing, the planet continues. now i'll be back with the news hour in about 25 minutes. don't go away.

in 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 unified teacher to literally launch it. they tend overseas on put any specific more like hunch. cigar this tension and that, you know, pay to put me to curriculum, do snip and jacqueline companies, and i to not bad value. i couldn't, he can't. isaac, he from his company. he did. he says, even though he really, it could massey video, he said his grand total g valley to non did amazon d this young? these kind of easy christine national media to lynette indic. you're

a veteran classic when a tuesday will be year get them. he seemed he fully hungry there are certainly some people who feel uneasy about putting a price on nature. they feel of some are nitrous, intrinsically and valuable. ah, that 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 protest as who demonstrated in rio during the 2012 of summit. rather than having nature 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 deified. what we now call natural capital. um, there were certain gods for rivers, gods, for oceans, god, for the song. i'm 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. capital seems 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 scales to be able to address those issues. 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

d. c. 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 data le let to release a cold capital. no. is another the kid it is it 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 dilly silas. but i am. but did you have the name martinez? him s is lucas on this young, estelle lucas? ah, with a not that crazy. they just have a business oriented my. i'm the belief that markets can solve 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

been what tom and shaped for over 50 years. law decisions were some thanks us on cas itching this little devil say they like restaurant young auto. yet touching still, he did rewards on the, on of all, for like anything like any delay or politics. charlie's esparsa, it is his best or sas of the fair piper assa, on omaha, a dog n, as shown. one is 3 n do. louie, he voice id met, hopeless, and can come of more accomplish her as his elsie or john, what that is is good. this is diane merely, kara, bella environmental backlash. don't know how to do that tomorrow. yon mata ronald reagan continues to hammer away at his 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 visited a 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 bio metal protection. to meet their mandates, victor could not be afforded. there was no way to do it. yasu yen on either end is on lost either net or plus infinity. do i go i strongly i good as charged on motto, leshaw sir ellen, vermont a prediction agency over ross on january or dissolve on st. paul saw he lacorte ledger extra one supposed he shouted on logon, easy like garza or eva, a suki ultimately regulation storage. with that your 1st chair st. you her lead

western layer. i leave you a bullish on layer environmental regulations are cut back or made more flexible. and this opens the door to the creation of market instrument, 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 events, no net loss of where players, 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

damaged they calls yeah, but y'all, denila saw get her all li pontiac, balk. a wu ya city. that did the free disburse of wipe, nissan, plus or tour the city junior. nicholas but we're seeing that exciting is that it's starting to get uptake and other places . china, brazil, mexico, peru. we're starting to see some real interest in these kinds of an instrument for compensation around by diversity loss. oh, this jungle in borneo is worth 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 of good lowland to pick up forest. i call primary forests that hasn't been logged. so that's what makes protecting the lowland forest very important. and that's where the, the main iconic space is actually live in logan forest. it's where the fruiting trays are, you know, so that's where the rankings are. the elephant mo,

by bank is a 34002 forces in malaysian bonia. and what's unique about this particular project is that it seeks to take a commercial approach rather charitable approach to, to conservation is trying to monetize the ecological value in the forest. only how 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 a rang, a tangs will have disappeared by the end of the decade. just like the pick me

elephant and other species. if my, our house could over equals well to mercy valley instead of wing worth nothing and those bunting and are i ain't on being worth. absolutely no. 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 we'd better better, but good kid that he can get the unit bladder for the comparables. bonus he the 3 la to relish lucille. did she go with the beauty but then some better meals,

but i can't, i mean n. so been a mean has but at this drill in, at least for his wisdom, mccannen was better, better so imbedded, publicity, berlin, until eliza, he. naida, accept them into local, valuable, good. it gets unity, narrow, latino, bremar comb, priceless. so if you gold yukon in who's the figure? so the consumer level grows. me. ah, bank's deacon 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, theme of nations, are looking at the more promising natural capital issues

of fundamentals to 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 games 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 the merrill lynch's, and bank of america, all of these major banks. they're 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 are 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 what's curious

and scary at this point 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. i do that because to see a business in this 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 surprise 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 change 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 of 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 i joined 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 other 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 how to appreciate. hub and suck 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 that ecological reaches and make companies more responsible. can a banker change his own nature to economics as near reverie, the direction richer shoot 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 slot of thinks, which we are doing cur. oh, the facts are that still only 17 percent off our habitats and species 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, i 2 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 the 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 the public funds. so it is most important that you use also private funding . and so that's why this innovative financing mechanisms logic started to emerge freshly as it was a g m from friend, cuz he did, he could not, your mother could torture it, could he put in he could, as ye county uptown don't. isn't that under the secret or he can not bad on the needle? he couldn't. oh, the executor, he continued gotten, you taken him. it is it that may compress. these would cost armies to 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 o v. 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 that partnership, we have practically nobody chance to succeed. in 2 decades, multinational corporations, a fashioned and effective lobby group, i think we're slowly but certainly moving to a state where it will become equal partners in that 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 lesson as soon as we need us in this is empty. this is duncanville deon, though a lot roman thought as billing,

but as young pre rather in a planet, is to emerge in gone through the several k a who lament element, the sister the several young in and medical, the let us 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? no. we all was missing around the was this whole re money which is only looking at how to make the next profit, devastating economies, devastating ecosystem. 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. mm hm. and a with

the news isn't secure. good for queensland, you may not necessarily know from sky what's going on, but just look at this from the cloud which develops into rather persistent right now. exactly where, where to fall isn't certain, but it's going to be queens and, and it could well be influencing the weather in brisbin. you remember the floods that were in brisbin doesn't be as bad, but they may return in part. and further north and tropical winds about re looks like a hottest and fairly nasty weather. the forecast, the city itself, persistent rain through wednesday, breaking a bit on thursday and probably more sherry on friday. so we've got about $1.00 to $200.00 millimeters of rain to come. that's far less than what caused the significant floods. but it's still enough than use it. in contrast is showing preseason or whether light is breeze good to the sunshine temperatures bit where they should be maybe a bit below, but it's sunny all the same. seasonal weather,

i think in southeast asia is regular showers. there are 2 tropicals icons, one each side of the equator, and i will ignore kareem the open water. we will go have a look at that one in the bay of bang. goals should be giving rain all the way from the ship, put them up to car cotton across the coast of me and rob it slowly rotating, produce flooding in coastal and pradesh. ah, african stories from african perspective. so documentaries for you, filmmaker pharmacy badly. we were pioneers of how the economist change the way would be good. i'd be happy to go into a physical done. i have with fresh farmed fishing woods and the shon africa direct on al jazeera,

facing longer hours and shorter deadlines. south korean delivery drivers are literally being worked to death. one 0, one east explorer, the dock side of consumer convenience in south korea on al jazeera. ah, this is al jazeera ah. hello, i'm need baka, this is the al jazeera news. our life from london coming up. russia's president leads victory day in moscow, drawing parallels between the defeat of nazi germany and the so called special military operation in ukraine. sal anchor's prime minister resigns after weeks of demonstrations but clashes between rival protest his turns deadly for people in.