What is the World Worth? Putting Nature on the Balance Sheet | Pavan Sukhdev August 3, 4 & 5

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Sydney | Canberra | Melbourne

3 to 5 August 2010

Sydney and Melbourne are booked out – Canberra still has seats available: RSVP now!



Sydney – Tuesday 3 August 6:30pm The Sydney Opera House, Playhouse Theatre SOLD OUT!

Canberra – Wednesday 4 August 5pm. Australian National University – Molongolo Theatre, J G Crawford Building 132 Lennox Crossing 0200. This event is FREE.RSVP to henry.keenan@anu.edu.au

Melbourne – Thursday 5 August 5:30pm. Melbourne University – Law Building (GM15 Theatre), 185 Pelham St Carlton. This event is free. BOOKED OUT!

Pavan Sukhdev,an economist and head of the UN Green Economy Initiative, is an expert on the natural capital that gets left off today’s corporate balance sheets. Pavan’s pioneering work looks at how putting a value on nature could set the scene for a greener economy and investment, exploring how our economy can be part of the solution to the looming climate and resource crises we face.

A senior business leader himself, working at UNEP on secondment from Deutsche Bank, Pavan recognises that the way we do business needs to change. By putting a price on natureandmeasuring the economic value of the world’s ecosystems (and the costs of losing them), Pavan aims to show that the greening of economies is not a burden on growth but rather a new engine for growth, employment, and the reduction of persistent poverty.

He is Study Leader for The Economics of Ecosystems and Biodiversity (TEEB) study, hosted by UNEP with financial support from the European Commission, which is making a compelling economic case for the conservation of ecosystems and biodiversity. Pavan is also team leader for the Green Economy Report, a ground-breaking study being conducted as part of the Green Economy Initiative (GEI), which is using economic analyses and modeling to demonstrate investment in greening the economy can lead to future prosperity and job creation, while at the same time addressing social and environmental challenges.

Pavan is a renowned economist who founded and went on to chair Deutsche Bank’s global markets centre in Mumbai, where he became instrumental in the evolution of India’s currency, interest rate and derivatives markets from 1993-1998. He has also held positions as Head of Global Markets Finance for Asia-Pacific, and later Chief Operating Officer of Deutsche Bank’s Global Emerging Markets Division. Pavan is currently on a two year sabbatical from Deutsche Bank, after being appointed by the EU Commission and Germany to lead the G8+5 report on The Economics of Ecosystems and Biodiversity. He is fast becoming known as the Nicholas Stern of Biodiversity.

‘Managing people’s desire for things like food, energy, water and medicinal drugs in a way that reduces the impact on the planet’s diversity is no mean task,’ says Pavan. ‘Indeed this is the greatest challenge that faces society today.’

Pavan Sukhdev offers unique global insights for local policy development as we head to an election. Tickets are selling fast. To secure your spot, book online through the Sydney Opera House today.

This event is being held by The Centre for Policy Development with sponsorship from Qantas who are generously providing airfares for Pavan Sukhdev and The Sydney Opera House.
 
 
 
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To hear Pavan Sukhdev talking to Climate Thinkers click here. For more of CPD’s green economic ideas click here.

4 Responses to “What is the World Worth? Putting Nature on the Balance Sheet | Pavan Sukhdev August 3, 4 & 5”

  1. adie swinburn

    yes thank you, great opportunity to show support for positive ideas. More opportunities to show strength by gathering in support of climate change sought!

  2. Ian Colley

    Brilliant presentation, and very funny too. Loved the slides with the trawlers all clustered at the edge of a marine reserve. Incisive view of the poverty of economic models that ignore really obvious externalities – draining the swamp that provides millions of dollars of ‘free’ water treatment for a city. Thanks CPD for bringing Pavan here.

  3. Denis Frith

    I have been unable to view Pavan’s presentation but it seems that his attempt to take into account the ecological cost of the operations of civilization is based on a false premise. There was an abundance of natural material wealth before industrialization started consuming it at a high rate. Some of this consumption is replaced naturally so is natural income. But most of it, including natural resources such as the fossil fuels, should be regarded as natural capital that is depreciating. The operation of civilization is a divestment of natural wealth. A realistic accounting of this operation would examine the balance between the increase in the material wealth of civilization against the destruction of natural wealth. Much of the former is due to the efforts of people but this is offset to some extent by the generation of waste in the production process. On the other hand, the destruction of natural wealth is a continuing process as natural income does not offset the depreciation of natural capital. The material wealth of civilization may well be peaking now as its increase is an unsustainable process.