Pricing the Priceless: The Financial Transformation to Value the Planet, Solve the Climate Crisis, and Protect Our Most Precious Assets - Hardcover

Über die Autorin bzw. den Autor

PAULA DIPERNA is a pioneer and leader at the forefront of finance and climate policy, from the Oval Office to Antarctica, coral reefs to carbon markets. She served as President of CCX International, the world’s first expansive emissions trading system to address global warming; President of the Joyce Foundation; and writer for underwater hero, Jacques-Yves Cousteau. Currently, she is Special Advisor to CDP, the world’s only integrated environmental disclosure system. DiPerna is a frequent media commentator and public speaker.

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Praise for PRICING THE PRICELESS

“This is a deep meditation on the state of the biosphere and the role humankind has played in bringing it to where it is today. What makes the book remarkable is that it is informed by an extraordinary, exploratory life. DiPerna’s personal experiences have moved her to initiate and engage in remarkable endeavors to create institutions that encourage us to conserve Nature. This is a deeply moving piece of work.”
―SIR PARTHA DASGUPTA, Frank Ramsey Professor Emeritus of Economics, Cambridge University, and author of The Economics of Biodiversity: The Dasgupta Review

“DiPerna explores with lyricism the paradox of pricing the environment. As each year of feeble climate action adds to decades of drift, we’re now sensing the reality of thresholds which money cannot smooth away. As she makes vividly clear, there is much to gain if we can reorganize our economies, redesign systems, and refit our landscapes in time, to build a fairer, more sustainable way of life for all.”
―CAMILLA TOULMIN, Senior Associate and former Director, International Institute for Environment and Development (IIED); Fellow, Institute for New Economic Thinking

“Everybody knows that if a valuable resource is ‘free,’ it will be overused and eventually depleted. But, with hard-to-pin-down resources such as air, wildlife, and the beauty of nature, it’s challenging to design markets that conserve and allocate them efficiently. In Pricing the Priceless, DiPerna describes how she and her Chicago Climate Exchange colleagues have taken a big step in that direction, to the lasting benefit of all.”
―LAURENCE B. SIEGEL, Director of Research, CFA Institute Research Foundation and author of Fewer, Richer, Greener: Prospects for Humanity in an Age of Abundance

“DiPerna has the soul of an explorer and the mind of an environmentalist, educating the reader about the role of emissions trading in combating climate change. It is all about pricing and she nails it. At every stop in her worldwide journey, we learn about the real-world convergence of finance and the environment. It is a great read for the public who wants to understand the role of markets in fostering social goals and addressing an existential issue.”
―DR. RICHARD L. SANDOR, Chairman and CEO, Environmental Financial Products, and Aaron Director Lecturer in Law and Economics, University of Chicago Law School

Aus dem Klappentext

In Pricing the Priceless: The Financial Transformation to Value the Planet, Solve the Climate Crisis, and Protect Our Most Precious Assets, strategist, author, and adventurer Paula DiPerna delivers a one-of-a-kind story―a breakthrough that unveils today’s most fascinating financial disruption―using price to flip conventional ideas of how we value natural assets and why.

DiPerna illuminates an economic contradiction long ignored―how can we value our indispensable atmosphere at zero, but dispensable production in the trillions? This festering imbalance, DiPerna argues, is the root cause of the deterioration of key natural processes on which environmental and social stability increasingly depend.

DiPerna also examines compelling alternatives―new metrics and markets, insurance policies, bonds, and investment vehicles designed to steward nature, not expend it.

DiPerna’s unique narrative brings these exciting financial innovations to life, weaving the latest research with personal journeys to real-world settings as disparate as the Vatican, Wall Street and Board rooms in China―rainforests, mangroves and the remote African bush.

You’ll explore how new financial tools can reward responsible environmental management with financial returns, higher credit ratings and more bankable collateral and borrowing power for strapped public service budgets.

Pricing the Priceless highlights how accounting for our natural resources as long-term assets, instead of short-term raw material, can unlock new sources of capital to guard against nature’s depletion.

A can’t-miss read for all those interested in finance, including retail and institutional investors and portfolio managers, and net- zero carbon experts, Pricing the Priceless is indispensable to rethinking capitalism and the prospects of our planet.

Pricing the Priceless will shape the future, bridging the tangible and intangible to answer DiPerna’s central provocative question: “In our tense and cherished world, what is money for?”