Could carbon markets become obsolete?

Currently, carbon markets provide a rich source of funding for United Nations-backed conservation scheme REDD+. The idea is for industrialised countries to offset their own emissions by buying carbon credits from developing countries, thereby giving communities in the latter group an incentive to protect their forests and preserve endangered species. More than just preventing deforestation and forest degradation, REDD+ also includes the possibility of offsetting emissions through "sustainable forest management", "conservation" and "increasing forest carbon stocks". But in a paper recently published in a journal of the Society for Conservation Biology, Assistant Professor Edward Webb and PhD student Jacob Phelps from the National University of Singapore and research fellow Koh Lian Pin from Swiss Federal Institute of Technology (ETH Zurich), pointed out that REDD+ was desig...

Full article: http://wildsingaporenews.blogspot.com/2011/02/could-carbo...

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Could carbon markets become obsolete?

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