August 17, 2007
Via Reuters: WASHINGTON (Reuters) - The current carbon market actually encourages cutting down some of the world's biggest forests, which would unleash tonnes of climate-warming carbon into the atmosphere, a new study reported on Monday.Hmmmm, I wonder if Manbearpig owns any stock in timber companies that log the Amazon rain forest?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.
The Kyoto treaty and other talks on global warming focus on so-called carbon credits for countries and companies that plant new trees where forests have been destroyed. Trees and other plants absorb carbon dioxide, a greenhouse gas emitted by petroleum-fueled vehicles, coal-fired power plants and humans.
At this point, there is no credit for countries that keep the forests they have, the study said.
Hat Tip: The Astute Bloggers
Posted by: Howie at
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