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Keywords:

  • carbon offsets;
  • deforestation;
  • global warming;
  • greenhouse gases;
  • Kyoto Protocol;
  • old-growth forest;
  • rainforest

ABSTRACT

I describe a new initiative, led by a coalition of developing nations, to devise a viable mechanism for using carbon trading to protect old-growth tropical forests. I highlight some of the practical and political hurdles involved in forest-carbon trading, and explain why this initiative is rapidly gaining broad-based political support.