Reduction of emission from deforestation and degradation
Can money grow on trees?
There is a new wave of entrepreneurs aiming to get rich by saving the rainforests. Richard Lofthouse reports
Ever wanted to get rich by doing absolutely nothing? In a bizarre way that’s what a bunch of new entrepreneurs and large corporations are trying to do. The formula is ridiculously simple: buy up or lease a tract of rainforest, prop up a deckchair and watch it grow. Put a financial price on its mere existence and sell a range of ‘products’ – called ecosystem services – to polluters. If trees could hear, they’d be setting up trade unions.