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Rainforest Nations Profit Using Carbon Trading in Exchange for Preservation

| Wednesday November 30th, 2005 | 0 Comments

frograin.jpgInspired by the Kyoto Agreement, developing nations with large stocks of rainforest are preparing to offer preservation of forests in exchange for the sale of their carbon emissions rights to developed economies, the Independent Reports. This was one of the basic expectations behind the accord – that developing nations would have a financial incentive to keep forests intact. And why not? It’s in everyone’s best interest that large tracts of forest remain preserved, not only for asthetic reasons, but as carbon sinks, oxygen sources, and for the myriad other ecosystem services they provide. It’s also, arguably, the developed world’s obligation, having leveled the majority of their own forests long ago.
Even more interesting, a London firm, Carbon Capital, has raised over $100 Million to re-plant decimated forests in developing nations – according to strict guidelines and with an eye toward earning carbon credits that can then be sold on the open market. It’s a perfect example of the entrepreneurial spirit that the Kyoto accord by no means diminishes. (via Grist)


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