Global carbon markets could generate billions of dollars each year for
developing countries that tackle tropical deforestation, a major source of
global warming, according to a new study.
Reducing the rate at which Amazonian rain forests are disappearing by only 10
percent, for example, would yield 1.5 to 9.1 billion euros (2.2 to 13.5 billion
dollars), depending on world carbon emission prices, researchers calculated.
That money could then be plowed into national conservation efforts that would
further mitigate climate change, creating a virtuous circle.
Slow down deforestation by another 20 percent, and the potential income for the
region would top 45 billion dollars if carbon prices reached 30 euros per tonne,
said the study, one of two dozen scientific papers on the future of the Amazon
released Monday by The Royal Society in Britain.
Reigning in the destruction of the world's tropical forests has become a ...