A new bipartisan coalition of business, government and environmental leaders is asking the Senate to make deforestation a centerpiece of the climate bill by allocating billions to fund tropical forest preservation programs in developing nations.
In a new report released to POLITICO, the Commission on Climate and Tropical Forests argues that paying developing tropical countries to preserve their forests would provide economic incentives to stop deforestation, a major driver of global warming.
Tropical deforestation accounts for roughly 17 percent of global greenhouse gas emissions, a rate that makes Brazil one of the top emitters of greenhouse gases, along with far richer nations like the United States and China.
“It is truly time for America to launch a comprehensive response to this manageable threat,” writes former Rhode Island Sen. Lincoln Chafee. “Protecting the planet’s climate forests and fighting climate change can be the defining bipartisan ...