Why a living whale is more valuable than a dead one
In short: Financial economist Ralph Chami argues that we must move beyond extractive economies to protect our planet. By translating nature's value into the language of dollars and cents, he shows how preserving biodiversity can become a profitable strategy against climate change.
Chami proposes a shift from extracting resources to profiting off regenerating nature. He identifies species like whales and elephants as essential allies in sequestering carbon and maintaining climate-resilient ecosystems. This approach aims to provide sustainable income for local communities while addressing biodiversity loss.
The core of this economic vision is repositioning wildlife as assets that generate value through their existence rather than their destruction. Chami, a former International Monetary Fund assistant director, advocates for using financial frameworks to incentivize conservation over poaching.
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Sources
- Summary by Intellect · source: Ralph Chami: What a living whale is worth -- and why the economy should protect nature
- Also: What a living whale is worth in the fight against climate change
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