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Home on the Rainforest

June 17, 2007
Carbon tranching also saves the huge amounts of energy need to harvest and transport the wood and crops. F
clipped from www.nytimes.com
Despite all the attention paid to China’s industrial pollution splurge, that country’s inefficient factories, power plants and vehicles don’t contribute as much to global warming as the destruction of the world’s tropical forests does.
Reversing tropical deforestation could be surprisingly cheap and easy because it can be driven by simple economics. Right now, it’s worth more to a logging company or a peasant to convert the rainforest to stumps or soybeans than it is to leave that rainforest intact.
On European markets, the right to emit one ton of carbon dioxide trades today at more than $20. With each hectare of intact rainforest storing around 500 tons of carbon dioxide, that means that each hectare has a value of $10,000 as carbon dioxide storage, far more than the value of even the most productive tea or soy plantation.
Carbon ranching would also be a good way to bring the developing world into the effort to reduce emissions.
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