Rainforest Nations Profit Using Carbon Trading in Exchange for Preservation

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)

Nick Aster is a new media architect and the founder of TriplePundit.com

TriplePundit.com has grown to become one of the web's leading sources of news and ideas on how business can be used to make the world a better place.

Prior to TriplePundit Nick worked for Mother Jones magazine, successfully re-launching the magazine's online presence. He worked for TreeHugger.com, managing the technical side of the publication for 3 years and has also been an active consultant for individuals and companies entering the world of micro-publishing. He earned his stripes working for Gawker Media and Moreover Technologies in the early days of blogging.

Nick holds an MBA in sustainable management from the Presidio School of Management and graduated with a BA in History from Washington University in St. Louis.