428. The Simple Economics of Saving the Amazon Rain Forest

Michael Greenstone, former chief economist for President Obama, and Gretchen Daly, a Stanford biology professor, delve into the economics of saving the Amazon rainforest. They discuss the urgent impact of deforestation, emphasizing financial incentives over moral appeals for conservation. The duo explores innovative economic models that value ecosystem services and propose subsidizing local ranchers to align economic needs with ecological sustainability. Their conversation highlights that preserving the Amazon not only protects the environment but could also be more profitable than traditional agriculture.