01 June 2006

Credit Where Credit is Due

I missed this story earlier, but it's important because it addresses two key issues: deforestation and carbon emissions. Clearly, incentives need to be given to those who hold the commons - in this case rainforests - in trust for the rest of us.

If we reduce our deforestation, we should be compensated for these reductions, as are industrial countries.

Compensation for reductions is not ideal - compensation for holding and replanting would be better - but it's a start.

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