Our weekly documentary film is curated by the editorial team at 21WIRE.
The commercialization of the natural world. Protecting our planet has become big business with companies promoting new environmental markets. This involves species banking, where investors buy up vast swathes of land, full of endangered species, to enable them to sell ‘nature credits’. Companies whose actions destroy the environment are now obliged to buy these credits and new financial centres have sprung up, specializing in this trade. Many respected economists believe that the best way to protect nature is to put a price on it. However, others fear that this market in nature could lead to companies having a financial interest in a species’ extinction. There are also concerns that – like the subprime mortgage crisis of 2008 – the market in nature credits is bound to crash. And there are wider issues at stake. What guarantees do we have that our natural inheritance will be protected? And should our ecological heritage be for sale? Released in 2015 under the title of “Banking Nature”. 10 years on from the initial release, we can cast an analytical eye on how legislation and economic markets took shape around “green” policies. The globalized push to engage in the offset carbon credits, so the companies can appear wholesome regardless of their industrialization processes to exploit resources without accountability, invest in green, and gain multiple tax reliefs. Watch:
Run time: 127mins
Production: ARTE France
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