By Stephen Leahy
IPS 28/10/2006
Tropical forests’ ability to store carbon dioxide and mitigate climate change makes them more valuable than alternative uses like pasture or lumber, and rich countries ought to pay tropical countries to preserve their forests, the World Bank says.
However, some environmentalists caution that while reducing deforestation is vital, a so-called carbon trading system is the wrong approach and too complicated to implement.
The world’s tropical forests have been shrinking at a rate of five percent per decade since the 1950s. In the past five years, more than 50 million hectares of tropical forest have been lost — an area nearly the size of France. Aside from the loss of biodiversity, destruction of ecosystems and other negative impacts, deforestation is a major source of human-made emissions of climate-altering greenhouse gases (GHGs).
In fact, deforestation contributes almost twice as much GHGs as does all road transport around the world.
“The trees are worth more alive, storing carbon, than they would be worth if burned and transformed to unproductive fields,” said Kenneth Chomitz, lead author of the World Bank report released Monday. Continue reading




