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Can tropical forestry be made profitable by ”internalising the externalities"?

Briefing/policy papers

This paper discusses the potential and constraints of a range of ‘innovative incentive mechanisms’ for stimulating sustainable (natural) forest management and conservation, including those like carbon offset trading which attempt to capture the global public good values (or externalities) of tropical forests and internalise them into positive incentives for forest users or managers.

Michael Richards and Pedro Moura Costa