Valuing Ecosystem Services with Single.Earth's Co-founder Andrus Aaslaid
Single.Earth CTO and cofounder Andrus Aaslaid speak about why Single.Earth was founded and how the company plans to monetize ecosystem services.
A few key takeaways from Andrus Aaslaid:
"All we have done so far in the world ... as a humanity, we have been optimizing the economic processes quite a lot to be able to maximize profits. Somewhere in the middle, we forgot that this will put more and more strain on ecology."
"We need birds and bees and all other creatures on the planet because if we focus 100% on global warming and trying to suck as much carbon out of the atmosphere as possible, sacrificing everybody else, yes, it will be one cooler planet, probably, but we might very well find that we are alone and starving on it because we had thrown everything else away in a process."
"Money is what drives it all around. And so far we have looked at our capital investments only from the gains perspective -- if we create something, then how much profit it will make. And if investors are investing somewhere, then what will be the best return on that money. We've been optimizing all the processes based on the, well literally what's good for the shareholders."
"We need a whole lot more attention towards it that capital would also seek that our environment would sustain so that the money everybody's making would be possible to spend on the planet before it overheats and goes to hell."