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...been busy refining avoided deforestation to answer early criticisms. Because firms investing in carbon credits need to estimate how much deforestation would have happened without a scheme, REDD projects can only work in countries with high rates of deforestation. That alleviates concerns that money will be spent to protect forests under no threat. To address fears that protected forests might be lost through a fire or logging, brokers build in reserves - selling, for example, only 80% of the carbon actually contained within a forest, and tapping the remainder if some part of the protected area should be lost. To prevent...

Author: /time Magazine | Title: Green Banks: Paying Countries to Keep their Trees | 12/4/2008 | See Source »

...those who care about forests and the climate, the promise of REDD is undeniable. The truth is that weaning the world off fossil fuels will be a monumentally difficult and expensive process, one that will demand technological innovations we haven't yet thought of. But halting deforestation, while not cheap - Britain's Stern Review in 2006 pegged the price at $5 to $15 billion a year - is doable now, provided we have the political will. If you want to know why, visit Noel Kempff. Its biological value was incalculable, but to the people who lived in the forest, its only...

Author: /time Magazine | Title: Green Banks: Paying Countries to Keep their Trees | 12/4/2008 | See Source »

...Brazil Rain-Forest Rescue Plan...

Author: /time Magazine | Title: The World | 12/4/2008 | See Source »

After the news that Amazon deforestation rose 3.8% in the past year--the first increase since 2004--Brazil will present plans for halving the yearly destruction at the U.N. climate summit in Poznan, Poland, which began Dec. 1. Forest-razing for agriculture accelerated this year with soaring beef and soy prices...

Author: /time Magazine | Title: The World | 12/4/2008 | See Source »

...address the problem, Forest Ethics, a San Francisco--based environmental group, has launched a national Do Not Mail campaign, modeled on the successful Do Not Call Registry. So far, 19 states have debated Do Not Mail proposals. But none has passed--and who knows if any ever will. Will Craven, a spokesman for Forest Ethics, says that's partly because marketers pour millions of dollars--and lobbying savvy--into manipulating our mail: "We now have a runaway supply of junk in the face of shrinking and even resentful demand." (See TIME's special report on the environment...

Author: /time Magazine | Title: De-Cluttering Your Mailbox | 12/4/2008 | See Source »

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