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tv   Pricing The Planet 2015 Ep 1  Al Jazeera  October 6, 2017 11:00pm-12:00am AST

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and doing mainstream media narratives at this time on al-jazeera facing reality the president said that there would be a complete audit a hundred percent audit that audit hasn't happened getting to the heart of the matter so are you saying then that the future of the g.c.c. will be in doubt. here the story. on talk to al-jazeera at this time. i'm suiters and in london with the top stories on al-jazeera saudi arabia's ambassador to the un has rejected the figures in a u.n. report on the number of children its military campaign in yemen has killed
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according to the u.n. the saudi led coalition wispy sponsible for six hundred ninety three child casualties in twenty sixteen and four thirty eight verify the tax on schools and hospitals a saudi ambassador describes the figures as misleading i can reports from the un. the report lists four thousand recorded violations against children by government forces in some twenty zones of conflict along with over eleven thousand violations by non-state groups but in a carrot and stick approach the format of the report has been altered those states or non-state perpetrators that have been gauged with the un and committed to improving protection for children are placed in a separate blacklist from those parties that have shown no remorse or concern about their actions the saudi led military coalition in yemen is placed in this category what became of vanden clear he said there were some listed parties even through
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many years to three years that had generally been attempting to put in place may shows that when they had acknowledged the problem the creation of the category may be an attempt to persuade perpetrators that there is political value in engaging with the u.n. but critics contend it could also be a patent attempt to diminish the saudi anger that followed the military coalition's inclusion in last year's blacklist frankly. the facts speak for themselves the numbers except. in response the saudi ambassador said the coalition was committed to working with the un but rejected what he called inaccurate figures quoted in the report we exercise the maximum degree of care and precaution to avoid civilian harm the regrettable effects of this conflict are a direct result of the haughty and forces loyal to former president signing.
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use of immoral and illegal actions that put this in million population at risk while acknowledging that the saudi coalition had committed to measures protecting children in yemen but insisted the saudi coalition still has charges to answer in her report virginia gumbel's said that dangers to children in yemen show little sign of diminishing i urge the coalition to improve these measures she said the dangers to children in yemen remain an acceptable a high in two thousand and sixteen the question is a threat to children in conflict zones like yemen less today than it was during the reporting period last year amidst yet another round of claim and counter-claim the answer would appear to be no mike hanna al-jazeera united nations the u.s. state department has approved the possible sale of a missile defense system to saudi arabia the so-called foreign system would cost
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saudi arabia fifteen billion dollars the department said in a statement that the sign would help protect the gulf region from iranian threats u.s. president donald trump's plan to the thirty five year a new nuclear deal is being greeted with international criticism the european commission says the dail is working russia's foreign minister says it's important to preserve the agreement. the geneva based and to nuclear weapons organization i can has been awarded this year's nobel peace prize the u.n. secretary general welcomed the unexpected decision tweeting that now more than ever we need a world without nuclear weapons the government's official representative in catalonia has apologized for the violent response by police during the session referendum on sunday may. court in madrid facing accusations of sedition council on health authorities hundred people were injured as
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a result of the spanish action the united states has lifted its economic sanctions against sudan after twenty years a us official cited improved human rights progress on counterterrorism in the african nation as reasons behind the move for now up next pricing the planets. that are. at the problem of global warming are getting scarce on our.
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earth today will cease to exist for making that reveals just how fast. a lot if economic and financial markets could save the planet. and. reuse nature because she's valuable but we know as nature because she's free. if we invest money in protecting nature will urge
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a very very high financial return. economists bankers investment funds and finance is taking an interest in the environmental crisis they say that they can protect the planet that way with money how much is the beach that you visit every year actually was how much for the forest that you love to walk in so much what is the value of a planet a model an insect and does this combination seem a toll on not trying to. financial isolation it was to rid of the. endangered species and forests treated like financial products. can market succeed where politics of so far failed but what risk. price.
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sometimes i describe the challenge that we have as the economic invisibility of nature what i mean by that is that most of what nature provides is not transacted in markets where there's clean air or fresh water or where there's the pollination of bees or fruit trees wend of being ever send you an invoice billions of workers toiling away without a break in silence and for no pay. for millenia no one recognized neither their value nor all the work they do it took a tragedy for us to finally recognize their economic value. and the us a large part of the natural wild the population has died off and something is happening in europe there are hundreds of people who keep large
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numbers of being used. in hives and when a farmer wants his fields pollinator he actually calls one of these commercial pollination firms. and others are right for hiring a million things for a week. to pollinate your crops. what if tomorrow they were to disappear entirely what if we had to replace these bees with humans and therefore pay them. the pollination service of bees economically invisible but the total value of that was found to be something like two hundred billion dollars that's almost eight percent of the total agricultural output on a. we look at these little creatures differently now that we know that they are worth two hundred billion dollars don't worry. we immediately pay more attention to them all that wealth in a beehive. and we humans never realized it. mr
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johnson yes hi mother nature here i'm here to collect the last month's nature usage nature usage ok let me see the sun rose and said oh look at that every day there 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. a mushroom the word. that is a good question. how much of what if you were you can put a price on it and put a price on again you can hear it's priceless i want to be free made to was before we were in this to learn how to take it in that shouldn't have to do something with money. i don't as living in
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a flat we haven't in new york. this is on fifty six street but if i bought the same flat in fiftieth street i checked and the value was more than twice as much why do you think the value between fifty six and fifty years street for the same area one thousand square feet is twice as much because the one that is on fiftieth is next to central park so just the ability of people to see greenery is worth one million dollars extra. 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 sure this will. so will that be cancer charge. against the disorders go wild could you use unique. to eleven or don't you. which of your best unique is your pasta canet prevent you sit or cereal connect the revenue. going for up don't see standard
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kid from for already packing to. 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. so that's where 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 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 eldorado of the twenty first century. a new economic sector with
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promises of huge returns for investors banks finance corporations and states are attracted into it. and they all know that on a dead planet no one will do business anymore. or that he or jimmy carter it. all about. the bottom order rebel george bush all the top of the two. it is foolish pride to go on then suggest you should imo more that they will that i'm a human disperse almost it will go previous because. they offer it up it could be. that fundamental economic theory you know supply and demand the more there is
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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 and effectively right now the price we're putting on the environment and natural services is the oral. effectively but that's going to have to change as the supply of these natural resources continues to dwindle and the demand in the form of people continues to grow. plying the lure of supply and demand to not to resource isn't species is something new. until now almost no one had ever thought of putting life itself into the economic machine. yet i'm all. these you know then it. is a space on in her. could. you know he. has done nothing. like
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they are nowhere close to beauty yes they were so if you're not sitting in your then you. this was the time of one of the greatest geological disasters the dinosaur disappeared and along with them seventy 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 my. notes it is from. me going to the onion is the process of. the people. i guess. in the trust beloved us nor somerset is from this day on the three dollars . economical. since the industrial revolution the world's population has increased six fold water consumption risen by
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a factor of three. the amount of carbon in the atmosphere has doubled. the global temperature has increased. and half the world's rainforests have disappeared . our ecological footprint is escalating. to satisfy our needs we're using the resources of one and a half months if we continue at this rate by twenty thirty we'll need two planets by twenty fifty two 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 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
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transition to profit from that transition besides business has already started about a hundred miles east of los angeles there's a fly. probably the most expensive fly in the world. here here it comes right here flying right by us that is one of them here it is again so that there. a century ago there may have been on the order of around forty square miles of habitat that is essentially the distribution of the sand dune and over the twentieth
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century ninety five percent of the remaining habitat has been destroyed or converted over to other uses. only a small fraction of that five percent supports good populations of this rare insect this 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 sunday and while the so-called delphi sound flava loving sly had the sad honor of becoming the first american flight on the endangered species list. to protect it in one thousand nine hundred three the state froze commercial activity on its habitat colton's growth dropped to zero all
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because of a park. the citizens here you know what jobs the citizens want retail services they want more businesses to be here and right now we're prevented from bringing them into town so the fly found itself hated by the entire population but one man's misfortune in 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 mitigation so our most recent sales have been two hundred fifty thousand dollars an acre. the bank saw an opportunity here and mitigation bank it realized that it could make money off these uses it to some flies it bought a part of the flies habitat and then it did nothing leaving the insect to live in
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peace while selling shares. if a business wants to develop a project on the land where the fly lives will find itself blocked by the state but by buying shares the entrepreneur can offset his impact by investing in the insects protection and secures his right to develop his business the bank has already made twenty million dollars. the free market has to find out a good balance between adequate conservation share a value allowing development to go forward. 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 flyest 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.
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it would be cheaper to pay people to go out and kill the flies than to mitigate joke joke. but true but true the true self. in the united states species protection is in the hands of these new bank as. businesses estate agents road builders anyone who's activity in dangerous animals has to pay these banks. they protect more than a million acres of land. they sell wetlands credits cateye credits. credits even lizards credits.
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wild lands is the biggest mitigation bank of the american west her annual revenue is exceed forty million dollars a year and medications sales. way but again project gardeners thank you for salmon steelhead delta smell what tell us once and hawk for burrowing out for desert tortoise elderberry longhorn beetle tadpole shrimp version of. our customers are aware of the the local solutions that we can provide how these customers will come and say i'm building a shopping center and i'm affecting burnell pools are infecting our burrowing owl do you have something that can help me offset my requirements. so we take a look at our mentor we provide them a quotation for a solution and then we barter that those credits to them as in a non tangible transaction we give them a relay for their liability as
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a certificate of good well. but how do these banks choose to invest in unprotect one species rather than another. happens to those endangered species living in areas of the us with us nobody with has no economic development and therefore no one to buy credits. choosing between one and dangerous spaces on another dangerous basing 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 you weren't profitable we would have wanted to reinvest in the future projects. the laws of the market applied to endangered species surprising right. how could we let banks decide
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which species of worth saving and which ones not. which ones deserve to live and which had to die on the top of profit. if you were to go on the species banking dot com you would find probably about seven hundred different banks. and it's roughly it's roughly between two and a half to three and a half four billion dollars a year that are in banking. this market for endangered species is developing. today all these mitigation banks are listed you want to know which one protects the swainson's hawk the tigers salamander or the desert fox. with one click the endangered species appear and the number of credits issued. by
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bit is. that in their you're from. the plant that's one e-mail it. back to us by that than it. is that's when i said. this up but i said. hi i'm joe i work for a company. my company this is a realize it relies on nature which is why i'm organizing a meeting a big meeting to discuss natural capital so you are here to boost business you have a financial capital so what is natural capital natural capital is capital which nature created. the climate system is natural capital for use of their natural
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capital because they take it out of the atmosphere and produce oxygen. is a form of natural capital. so let's take issue. this one's a lever that the comes from just make you kalyani grass and grain that's a lot of lime than a lot of water. it provides the clean water that we need the healthy food that we need nature through things like forests 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 it nature does forest ecosystem services. so nature has become a real business it has its own capital and can offer its services to consumers. without waiting in the amazon rain forest there would be no agricultural economy in south america. a service estimated to be worth two hundred forty billion dollars.
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there is an area that is the oceans coral reefs as you can see. cut across the entire globe all the way from micronesia across indonesia malaysia india madagascar and to the west of the caribbean these red dots these very areas basically provide the food and livelihood for more than half a billion people so that's almost an eighth of society and scientists tell us that any level of carbon dioxide in the atmosphere above three fifty parts per million is too dangerous for the survival of these reefs over time. as become the global economy and biodiversity his goal is to convince the world of the importance of these capital assets 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
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of turning nature into a commodity. the total loss of value every year was almost two to four trillion u.s. dollars that is two to four million million u.s. dollars that's almost the same size as the loss that was suffered in the financial meltdown in two thousand and eight which was about five trillion dollars so the give you a sense of how big these losses are and yet they are invisible because we are 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 is certainly something. i will feel uneasy about putting a price on like. the feel of someone i trust intrinsically invaluable only if weak at best close and governments as equal partners in this debate it will we find the solutions and the scale to the solution that the world me.
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on al-jazeera. after a year of mourning time on bed's a final farewell to its longest reigning monarch. for the stories beyond the headlines for clients examines the us is role in the world liberians are preparing for their third election since a bitter civil war observers are calling it a crucial test for democracy an investigation into the electronics industry revealing out even the smallest devices have deadly environmental and health costs . china's communist party is holding its annual congress what will it mean for the country and its people. on al-jazeera. egypt is now china's third biggest trading partner in africa more than ten thousand chinese are living in cairo i wanted to see the permits in september one thousand nine hundred five i came with my friends to egypt many started
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a small traders but are now successful in business shifting and i began to do business in two thousand and three or two thousand and four at the time it was small but then it began to expand in al-jazeera world meets the growing chinese community in egypt egypt made in china at this time. we understand the differences. and the similarities of cultures across the world so no matter how you take it al-jazeera will bring you the news and current events that matter to you al-jazeera. i'm seated in london with the top stories on al-jazeera saudi arabia's ambassador to the un has rejected the figures in a un report on the number of children its military campaign in yemen has killed
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according to the u.n. figures the coalition was responsible for six hundred ninety three child casualties in twenty six days and for thirty eight verify the tax on schools and hospitals. described the findings as misleading we reject the inaccurate and misleading information and figures of squinting in the report and we express our stronger as a relation with respect to this information at the same time we have would be affirmed the kingdom of saudi arabia is and the members of the coalition respect for commitment to and compliance with all of our obligations under the rules and principles of international law international humanitarian law and international human rights law. the u.s. state department has approved a possible sale of a missile defense system to saudi arabia the so-called system would cost saudi arabia fifteen billion dollars the system intercepts and destroys ballistic
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missiles before they can reach the targets the development side in a statement that the sale would help protect the gulf region from iranian threats u.s. president donald trump is planned to decertify the iranian nuclear deal is being greeted with international criticism the european commission says the deal is working russia's foreign minister says it's important to preserve the agreement the geneva based and to nuclear weapons organization i can has been awarded this year's nobel peace prize the u.n. secretary general welcomed the unexpected decision tweeting that now more than ever we need a world without nuclear weapons. the spanish government's official representative in catalonia has apologized for the violent response by police during the balance of session referendum. cuts alone has had their place appeared in court in madrid facing accusations of addition castle and health authorities say around one hundred
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people were injured as a result of the spanish police action the united states has lifted its economic sanctions against sudan after twenty years and u.s. officials cited improved human rights progress to terrorism that's all from a pricing the planet to continue. the laws of the market applied to endangered species surprising right. how could 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. so let's join the baited free to try to. the to do was pulled you. know that hunch. seed of this century and that you're not paid to put it correctly
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around you snip committees. and that you're not by the very are going to get high stick. you for them he says you don't really it could a massive bit of it. this is ground zero which will be partly to nanda this youngest of. the next year when he did good you mean a veteran classic when at least it will be you get there if you for example. there are certainly some people who feel uneasy about putting a price on. the feel of someone i trust intrinsically invaluable. that bringing the profit motive and of associated greed to their own natural phenomenon is somehow just the wrong thing to be doing. i think that's shortsighted. there are many people in the world it seems who are very shortsighted. such as the
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thousands of protesters who demonstrated in rio during the two thousand and twelve summit rather than turning nature into a commodity these opponents demanded strong policies to solve the environmental crisis in vain. or twenty years ago the or the summit put such neighborly development on the global agenda yet let me be frank. our airports have not lived up to the. challenge we are playing political poker with the future of our planet by not acting with the urgency that the situation calls for more poverty more conflict and more environmental destruction on one side polis is incapable of providing a global solution on the other growing markets preserving some species and habitats
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some people have chosen their side the so-called economic efficiency. only society's day five what we now call natural capital. they were saying a god for rivers god for oceans god for the sun. for all recognizing the importance of different types of natural capital. we don't die of five things today but we recognize their importance by putting dollar signs in front of them by making them into capital assets that reflects the change in our society a capitalist engine for. for decades and decades we have been trying to save. biodiversity and and and forests and 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 and i will challenge anybody in the environmental movement about that so we need to find
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other instruments that can get us to much. bigger scales to be able to address those issues. the facade is discreet it's home to a business that is growing with each passing year the ecosystem marketplace is a nonprofit company based in washington d.c. which issues environmental economic reports. 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 twenty four different kinds of market instruments. the matrix is the bible of
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the markets ecosystem services markets in biodiversity water carbon green tourism genetic missile says. the ecosystem marketplace invented this matrix to show the potential for growth in these new el dorados for instance ten percent each year for biodiversity markets fifty five percent for carbon. but the key to this is see about that in corporate ireland that. they can all hear well i'm a canadian. a swiss with less but i have been it. is look at on this in.
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they're not that crazy they just have a business oriented mind. and they believe 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 being worked on and shaped for over fifty years and. led this is. this. they're going to. need to know why. i continued all i can. in this best. duggan's astrologist yet. plus of more offer is i will say that. her mental backlash
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told about. the reagan continues to hammer away at his major. founder spokes person in ronald reagan during his campaign the republican candidate accused president carter of stifling growth with his environmental laws he visited a factory where thousands of people had just been laid off according to him because of the e.p.a. the environmental protection agency. was a symbolic effort to remind voters that tough times arrived here while jimmy carter was president it was. something. to meet their mandate but could not be afforded there was no way to do it. thank you thank you. again i have enemies on roff
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even met us encouraging. vermonter protection agency enjoyed singing a. song. even a push on layout. environmental regulations a cutback all 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 first testing grounds is the. vast ancient swamps vital for biodiversity. businesses would really like to use these areas where nature has been left alone. invents no net loss of
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wetlands no net loss of wetlands with this new law the president puts in place the structure that would underpin the 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 cause. you have. also. to. this best avoid. the you know let us. what we're seeing that exciting is that it's starting to get uptake in other places china brazil mexico peru we're starting to see some real interest in these kinds of
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an instrument for compensation around biodiversity loss. this jungle in borneo is worth some thirty four million dollars the state conceded 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. there's not very much of that forest left and it's not very much left in good condition it's maybe only about eighty thousand good lower than forests primary forests hasn't been logged so that's what makes protecting this loyal and forests
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very important and that's where the main iconic species actually live in london forests that's where the first trees. you know so that's where the. mount by a bank is of thirty four thousand forces in malaysia borneo and what's unique about this particular project is that it seeks to take a commercial approach rather charitable approach to conservation is trying to monetize the ecological value in the forest. only you know is the third largest island in the world its forest is almost one hundred fifty million years old and a century ago it covered the entire island today two thirds of it have vanished.
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because of logging 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 orangutans will have disappeared by the end of the decade just like the pick me out of and and other species if. it was mostly about it instead of doing with nothing. and. being worth absolutely nothing no value then the pommel company would have to pay that price in order to be able to destroy it and develop the milou a bank sells its jungle credits to pummel produces and any other food processing companies around the world that use the oil in their products will force him those
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who destroy primary forests to pay for this destruction save the great apes. those that it isn't a lot better better kill or that it can get a blood. borne. let's have to figure out the beauty but. some benami have better this. for a system a better bears. little bottle of. except them in the local variable could it get anything in oh look at a program. so that if you culled you can look. at that.
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economic model is not yet profitable but the heavyweights of the market believe in its future. in twenty thirteen h.s.b.c. was the first bank to publish a report on natural capital. these environmental markets the originally seen as nation is looking ever more promising. natural capital. issues fundamental 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 investors are thinking about natural capital because they realize that it can offer a constraint and an opportunity. they want to think about and vestments. for the stakeholders and that means thinking about how the supply of natural capital might change how disruption lied to cover.
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of the next wave of 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 the merrill lynch is 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 biodiversity 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
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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 the same time is that oftentimes these are the very same banks that were also very actively involved in the trading. that let to the last large financial crisis. banks of course don't do that because they have at the heart. protection of nature they do that because they see a business in. they want to be the ones who provide the trading platforms.
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bank of america merrill lynch was fined a record seventeen billion dollars by the american government on charges linked to the subprime mortgage crisis. j.p. morgan chase the largest bank in the usa had to pay a thirteen billion dollar fine for the same charge is. citi 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 by former employees of goldman sachs the same bank that made billions in profit by speculating on the crisis. can leopards change their spots.
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you might even think they're the bad guys maybe even has 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. because if we can do that we can get so much more done that was the boss of one of the biggest nature protection agencies in the u.s. his remarks are somewhat surprising on. the nature conservancy has almost one million members and protects millions of acres of land a marine areas around the world but is this. all strategy i had a really fortunate experience when i worked at goldman sachs i had been a mainstream investment banker for more than twenty years and 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
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banking in particular. will continue to look for other solutions to the crisis where those solutions don't hurt the very sector that has made his career. a banker i understand the difference between prices and values i also understand that nature has huge value which we're simply not learned how to appreciate. death is the global reference in this sector the man with the most influence he made his career at deutsche 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 the ecological riches i'm a company is more responsible. can a banker change his own nature to. economics is no weaponry the direction in which
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you shoot is an ethical choice i have made that i think the 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. by a lot of things which we are doing. the facts are that still only seventy percent of our habitats and species are in good environmental status and only eleven percent of eco systems are in such kind of status i think it's nothing to hide obviously faith. it's the dark side of development corporations that insure our comfortable lives and causing damages we'd rather ignore. or oil chemical and steel
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industries areas where the air is choked with carbon dioxide sulfur dioxide benzene hydrocarbons metals europe urbanized it industrialized in these areas the people are ill and biodiversity is dying out. when you find as bio diversity you can logically look to the public funds but the ghent 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 we do most important that you use also private funding and that's why this universe financing. mechanisms logic starting to emerge. freshly sit down with some kind of course he did he. most a good question. it could be pretty easy to get up to. don't.
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he couldn't. because it could really get you got. it is into. the content. print and the police act clearly. in brussels where they look be skeptical of the european union you have between fifteen thousand and fifty thousand. and that most of them work for corporations we want to have this partnership with the business sector because without that partnership. we have a practical you know new chance to succeed. in two decades multinational corporations have fashioned an effective lobby group. i think we're
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slowly moving to a state where it will become equal partners in a discussion sometimes people say to me mark why would you work with companies that have such a big environmental footprint and i say that's exactly why we should work less unison either cynicism to the system. in. planet is to. fool them and element there. in america villainous unison in. the un business corporations bankers and politicians back together. is there an international plot against nature. and what if this alliance was the only means of saving the planet.
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trying so well. you'll centuries in the sky. reducing use. us to use. cars are always going places together. hello the weather is improving again from melbourne having had a cold day fronts going through the sun's come out now you can see it sort of a string of frontal it's way to new zealand it's when it gets new zealand things start to pick up so for australia bit of a breeze bit of rain maybe for adelaide but the reason northerly so temperatures are rising again twenty in melbourne supposed to thirteen twenty three in adelaide yes admittedly the skies will not be blue they will be wet and that rains generally speaking moving eastwards through camber towards sydney probably not into brisbane but there's to temperatures still say around the twenty mark which tends to be
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perth with a southerly been at sixteen or seventeen for a couple days largely sunny days admitted but as i say things pick up when they cross the tasman sea towards new zealand that's a definite development still a lot of cloud heading towards both islands not a good prospect for the weekend so they've got seventeen degrees in oakland's only twelve in christchurch and of course that's where the circulation is over south holland but the green covers all of new zealand so a wet looking day for saturday the whole thing should wind up and go through but it's taking its time so bad timing it to the sunday i think you'll see the sunshine in auckland but down in christ church i think not so maybe a disappointing weekend. on counting the cost us billionaire president donald trump wants to cut taxes but how will his plan impact ordinary americans just plain versus catalonia the economic
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implications plus comic given what's behind the collapse of australia's auto industry counting the cost at this time on i just you know. how jews here. where every. this is al-jazeera.

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