Economist Naoko Ishii, CEO, Global Environment Facility (GEF), is on a mission to protect the planet's shared resources, known as the global commons, that are vital for our survival.

"Our economies are no longer local. When we moved away from being local, we started to lose our connection to the commons. We carried economic objectives, goals, and systems beyond the local, but we did not carry the notion of taking care of the commons," Naoko Ishhi.

"Our mistake was to assume that the capacity of the earth for self-repair had no limits. It does have limits. The message from the science is very clear: we humans have become an overwhelming force to determine the future living conditions on earth, and what’s more, we are running out of time. If we don’t act on them, we will be losing the global commons. It’s only our generation who are able to preserve it - preserve the commons as we know them. Now is the time we start managing the global commons as our parents or our grandparents managed their local commons," Ishii stated.

Naoko Ishii added: "We all share one planet in common. We breathe the same air, we drink the same water, we depend on the same oceans, forests, and biodiversity. There is no space left on earth for egoism. The global commons must be kept within their safe operating space, and we can only do it together."

In an eye-opening talk about the wellness of the planet, Ishii outlines four economic systems we need to change to safeguard the global commons, making the case for a new kind of social contract with the earth.