Understanding the Economic Invisibility of Nature

The video discusses the economic invisibility of nature, highlighting the unpriced value of natural resources and ecosystem services. It introduces the TEEB project, which aims to address this issue by evaluating the economic benefits of nature. The Amazon rainforest is used as an example of nature's economic contributions, while the video also explores the challenges of balancing public wealth and private profits. The importance of recognizing natural capital and corporate responsibility is emphasized, along with the potential of green carbon markets. The video concludes with a discussion on coral reefs and the ethical choices society faces.

What was the primary inspiration behind the TEEB project?

• The economic success of renewable energy

• The Stern Review on climate change

• The financial crisis of 2008

• The Kyoto Protocol

How much natural capital was estimated to be lost annually according to the TEEB interim report?

• Half a trillion dollars

• One trillion dollars

• Five trillion dollars

• Two to four trillion dollars

What is a significant economic contribution of the Amazon rainforest that is often overlooked?

• It serves as a rain factory

• It provides medicinal plants

• It is a major tourist attraction

• It is a source of timber

What percentage of global agricultural output is attributed to insect-based pollination?

• 12%

• 5%

• 10%

• 8%

Why is the economic invisibility of nature particularly problematic for the poor?

• They live in urban areas

• They are not educated about environmental issues

• They have no access to technology

• They rely heavily on ecosystem services

What was the main finding of the TRUCOST study on the top 3,000 corporations?

• They invest in renewable energy

• They have significant externalities

• They are highly profitable

• They are environmentally friendly

What is the purpose of the Green Accounting Project initiated in India?

• To reduce taxes

• To account for natural capital

• To promote tourism

• To increase GDP growth

What is the main focus of green carbon markets?

• Reducing industrial emissions

• Promoting renewable energy

• Addressing deforestation and agricultural emissions

• Increasing carbon taxes

What is the significance of coral reefs in the context of carbon dioxide levels?

• They thrive at high CO2 levels

• They are unaffected by CO2 levels

• They are only affected by ocean temperature

• They are at risk above 350 ppm CO2

What ethical choice is implied by setting climate targets at 450 ppm CO2?

• Reducing global temperatures

• Increasing fish populations

• Allowing coral reef extinction

• Preserving coral reefs