Poor Need Biodiversity Incentives

“Developing nations need much stronger incentives to regard their biodiversity as wealth to be preserved, rather than a resource to be processed in the pursuit of growth. This is where the climate change agenda needs to reinforce the biodiversity agenda. Fiscal transfers need to be made from wealthier nations to developing nations that preserve their forests. Forests are crucial because they are not only absorbers of carbon emissions but are also the home of much of the planet’s biodiversity. These fiscal transfers should be partially funded by a carbon tax in the rich world.”