Environmental Economics - How to Stop Deforestation?
This Economist clip looks at the extent to which deforestation has generated negative externalities, the causes and consequences of this, as well as the potential solutions to this, at a time when the world is losing 27 football pitches worth of trees every minute.
The clip starts in Costa Rica in the 1980s - where farmers were responsible for large-scale forest clearance, but which is now leading the way in reforestation and sustainable agriculture.
So what are the market-based solutions to this? How can you value trees in a way that promotes sustainable development? And what are the distributional issues involved?
Ending deforestation could reduce annual global greenhouse gas emissions by as much as 30