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Ce que l’on ne pourra pas évaluer, c’est la valeur spirituelle de la Nature… en place pour réduire les émissions de gaz à effet de serre. Des solu-
Pour les Polynésiens par exemple, les âmes des ancêtres se réincarnent tions fondées sur la nature sont mises en évidence pour séquestrer
dans les récifs coralliens, cela n’a pas de prix ! le carbone (grâce aux marais salants, mangroves, baleines). Des
solutions technologiques (utilisation de fertilisants par exemple)
Le nouveau rapport du GIEC est axé sur les solutions tournées vers existent mais on n’a pas de recul sur leurs conséquences. Quand
la nature ? on rajoute un nouvel ingrédient au chaudron, on ne sait pas ce qui
Le Giec a publié un troisième volet concernant les solutions à mettre va en ressortir…

“If we do nothing, we will have to invest $127 billion per year

from 2030!” Interview by Milena Radoman

Head of the environmental ice will not stop immediately. Cities must in Monaco, there was very little. Today, more
economics section at the adapt to the rise in sea level and build dykes. and more funds are interested in sustainable
Scientific Centre of Monaco, Small, developing island states are the first finance. In Monaco, if we manage to have a
financial and banking sector orientated towards
victims of global warming. Small islands risk
Nathalie Hilmi is one of the 270 disappearing, leading to migrations of climate sustainable finance, that would be a good
authors of the report by the refugees – and what is true for the islands is example for the rest of the world.
Intergovernmental Panel on also true for desert areas. You are amongst those who want to put a
Climate Change (IPCC) entitled And in the Mediterranean? price on nature. How does that work?

Climate Change 2022: Impacts, The Mediterranean is the busiest tourist area Currently, nature is perceived as free and
in the world! It is currently threatened by beach
abundant. Its value has not been taken
Adaptation and Vulnerability. erosion, rising temperatures and even rising into account by our financial systems. It is
sea levels. The level of the Mediterranean Sea important to finally give it a price, namely a
Does this sixth report from the IPCC once has risen by 6 centimetres on average over value calculated in relation to the service it
again sound the alarm? the past 20 years and it is now climbing by renders to humanity. We look at how much
This report confirms that climate change 2.88 centimetres per year! The warming of the carbon is sequestered in a mangrove forest,
represents a threat to human well-being but seas also results in fish migrating northwards as well as the additional benefits: mangroves
also to the health of the planet. The goal of the in search of more temperate areas. For the help filter water, protect the coastline and limit
Paris Agreement was to stay below the bar of a southern states, the most fragile, it is a erosion linked to rising seas - all of which can be
1.5-degree rise compared to the pre-industrial disaster and can lead to conflicts between assessed. It has been calculated that a whale
period. However, we are already at +1.1 degree fishermen. captures 33 tonnes of carbon during its lifetime,
centigrade. The global vulnerable population which is the equivalent of $2 million per whale
has increased from 3.3 to 3.6 billion people. Could the crisis in Ukraine increase the on the carbon market! It is an argument for
From an economic point of view, to put in place popularity of renewable energies – and is financiers to protect whales. What we cannot
development that is sustainable, fair, equitable temperance finally on the agenda? assess is the spiritual value of nature: for the
and resilient in the face of climate change, In the short term, the price of carbon has Polynesians, for example, the souls of their
funding is needed. The developed countries fallen, which is not a good thing. It is absolutely ancestors are reincarnated in the coral reefs
were supposed to give $100 billion in 2020 necessary to reduce emissions, stop consuming and no price can be put on that.
but we never reached that objective; however, fossil fuels and turn to renewable and
if we do nothing, we will have to invest $127 sustainable energies (such as nuclear). This Does the new IPCC report focus on nature-
billion per year from 2030 and $300 billion temperance also applies to our mode of digital based solutions?
per year from 2050! There are still windows and food consumption. Globalisation has had The IPCC has published a third part
of opportunity but the more time that passes, very good sides but we may have reached its concerning the solutions to be put in place to
fewer the options will be… limits. The IPCC report advocates sustainable reduce greenhouse gas emissions. Nature-
and resilient development in the face of global based solutions are highlighted for carbon
$300 billion in 2050 is the cost of inaction? warming. We need climate equity. sequestration (through salt marshes, mangroves
Today, investments have essentially financed and whales). Technological solutions (use of
the mitigation of global warming, that is to Is blue finance finally emerging? fertilisers, for example) exist but we have no
say the reduction of CO² emissions. However, I started working in green finance in 2006 in a idea about their consequences: when you add a
even if we limit emissions, temperatures will hedge fund. At the time, it was greenwashing. new ingredient to the cauldron, you don’t know
continue to rise because the melting of the In 2010, when I looked at what was being done what will come out of it...

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