How Much Would it Cost to Save the Rainforest?

Renowned economist Lars Peter Hansen discusses the value of the Amazon rainforest as a carbon sink and its impact on climate change. They explore the challenges of incorporating uncertainty in economic models and the trade-offs of using land for agriculture versus carbon capture. The concept of putting a value on the rainforest and the importance of setting an external price for land use are also discussed. Potential solutions for rainforest preservation and the effectiveness of cost adjustments are highlighted.