Perverse Incentive: Study Suggests Carbon Market Encourages Chopping Forests
Published on August 14th, 2007
Posted in Uncategorized
WASHINGTON — The current carbon market actually encourages cutting down some of the world’s biggest forests, which would unleash tons of climate-warming carbon into the atmosphere, a new study reported Monday.
Under the Kyoto Protocol aimed at stemming climate change, there is no profitable reason for the 10 countries and one French territory with 20 percent of Earth’s intact tropical forest to maintain this resource, according to a study in the journal Public Library of Science Biology.
