ChangeMakers Ralph Chami – IMF & The Carbon Capacity of Marine Mammals

The video features a conversation with Ralph Shami, an economist at the IMF, who discusses his journey from being inspired by nature documentaries in Lebanon to valuing nature's ecosystem services. He explains how whales play a crucial role in carbon sequestration and how this can be monetized to promote conservation. Ralph emphasizes the need for interdisciplinary collaboration to create markets that protect and regenerate natural resources, highlighting the importance of integrating economics with conservation efforts.

What is the 'whale pump' and why is it significant in the context of carbon capture?

What is the significance of the statement 'cynics and economists know the price of everything but the value of nothing' in the context of this discussion?

What challenges did Ralph face when trying to convince his colleagues at the IMF about the value of whales?

In what ways does Ralph believe that conservation can be profitable?