[BERG] Fwd: Webinar Tomorrow: The Value of Nature to Our Economic Well-Being

Dear BERGers Possibly of interest - 2pm Wednesday 11th November, joining link below. From: Ape Alliance Coordinator <coordinator@4apes.com<mailto:coordinator@4apes.com>> Date: 10 November 2020 at 20:13:12 GMT To: undisclosed-recipients:; Subject: Webinar Tomorrow: The Value of Nature to Our Economic Well-Being CAUTION: This email originated from outside University of Stirling. Do not follow links or open attachments if you doubt the authenticity of the sender or the content. ________________________________ Dear Ape Allies, Below is an invitation to watch a webinar with Ralph Chami, an economist who is working on valuing nature alongside our chairman Ian Redmond. Currently the work is based on whales and elephants, but there is exciting scope to expand this thinking into other species. It will be about 40 minutes, and includes a Q&A. Suggested Readings/Podcast/Videos for the participants: Elephant article: https://www.imf.org/en/News/Podcasts/All-Podcasts/2020/09/21/Elephants<h… Elephant Podcast: https://www.imf.org/external/pubs/ft/fandd/2020/09/how-african-elephants-fi… Whale article: https://www.imf.org/external/pubs/ft/fandd/2019/12/natures-solution-to-clim… Whale Podcast : https://www.imf.org/en/News/Podcasts/All-Podcasts/2019/09/15/value-of-whale… Whale Movie: https://youtu.be/rYBwHnz-yZE<https://eur03.safelinks.protection.outlook.… Abstract: The sustainability of our economic system and our own well-being are very much dependent on the sustainability of our ecosystems. For the longest time, humans have assumed that they are separate from the natural world and that nature provides infinite commodities. These two assumptions helped fuel the industrial revolution, but at the same time, resulted in the abuse of nature and in the climate crisis. We need a new paradigm, a new way of thinking which recognizes that humans are part of the natural world and that nature is a finite input into our lives and livelihood. This realization—of the value of nature—allows us to develop a framework for natural capital valuation that also directly addresses the fundamental collective action problem in environmental protection. In this webinar, I will highlight how our valuation framework uses the lessons of financial and behavioral economics to create values that individual decision makers find credible and relatable, in addition to stimulating excitement or concern that is essential to prompting action around environmental issues. I will provide examples of ecosystem services valuation which include carbon sequestration services provided by whales, non-cetaceans, and forest elephants of Africa. The values of carbon sequestration flow for individual members of these species are significant: $1.75 million per forest elephant, and an average of $2 million per whale. I will then discuss how to apply this financial framework to create markets for living forest elephants in Gabon, which will attract private sector in partnership with the public one, and help create employment opportunities for local communities. Finally, I will sketch how we can build a new economy that has a living nature at its core, which will ensure a sustainable, inclusive and nature-friendly economic growth. All the best, Iona Haines Ape Alliance Coordinator Website<https://eur03.safelinks.protection.outlook.com/?url=https%3A%2F%… | Facebook<https://eur03.safelinks.protection.outlook.com/?url=https%3A%2F… | Instagram<https://eur03.safelinks.protection.outlook.com/?url=https%3A%2… | Twitter<https://eur03.safelinks.protection.outlook.com/?url=https%3A%2F%… ________________________________________________________________________________________________________________________ The iLab would like to invite you to: The Value of Nature to Our Economic Well-Being with ICD’s Ralph Chami and Connel Fullenkamp<https://eur03.safelinks.protection.outlook.com/?url=https%3A%…amp;reserved=0>, Professor of the Practice of Economics and Director of Undergraduate Studies, Duke University, Economics Department Wednesday, November 11 @ 2:00 PM When it's time, join your Webex meeting here. Meeting number (access code): 146 922 1003 Meeting password: zPjSEW8dB83 Join meeting<https://eur03.safelinks.protection.outlook.com/?url=https%3A%2F%… Tap to join from a mobile device (attendees only) +1-202-860-2110,,1469221003##<tel:%2B1-202-860-2110,,*01*1469221003%23%23*01*> United States Toll (Washington D.C.) +1-415-655-0002,,1469221003##<tel:%2B1-415-655-0002,,*01*1469221003%23%23*01*> United States Toll In this session ICD’s Ralph Chami and Duke’s Professor Connel Fullenkamp will share their work around how valuing and investing in the protection of nature can generate a more sustainable blue-green economy, help mitigate climate change, and realign economies toward inclusive and nature-friendly economic growth. Read the paper: On Valuing Nature-Based Solutions to Climate Change: A Framework with Application to Elephants and Whales<https://eur03.safelinks.protection.outlook.com/?url=https%3A%2F%2…amp;reserved=0>. __________________________________________________________________________________________________ ________________________________________________________________________________________________________________________ The iLab’s “Campfire Series,” a new series of events for staff to Gather, Learn and Explore. The events will feature external speakers to share enlightening ideas. Campfires are credited<https://eur03.safelinks.protection.outlook.com/?url=http%3A%2F%… with advancing human culture 40,000 years ago. It was how our ancestors bonded, discussed, and entertained each other. They sang, danced, and told stories around the fire—which we still do to this day. ___________________________________________________________________________________________________ [Description: cid:image002.jpg@01D6B6E6.112C5660] ________________________________ The University achieved an overall 5 stars in the QS World University Rankings 2020 UK Sports University of the Year 2020 (Times Higher Good University Guide) The University of Stirling is a charity registered in Scotland, number SC 011159.