VoxTalks Economics
S7 Ep53: The price of deforestation
Nov 8, 2024
José Scheinkman, an esteemed economist from Columbia University, discusses the economic consequences of deforestation and the urgent need for reforestation policies. He explores the alarming rates of deforestation in the Amazon and its impact on biodiversity, driven by unsustainable practices. Scheinkman emphasizes the importance of carbon credits in making reforestation economically viable and highlights the necessity for sustainable agriculture to aid conservation efforts. The conversation also touches on the ecological importance of preserving the Amazon and the challenges of applying economic insights globally.
23:10
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Quick takeaways
- The economic valuation of the Amazon's carbon storage is significantly lower in Brazil compared to international markets, complicating conservation efforts.
- For reforestation to be economically viable, a carbon price of around $25 per ton is essential to combat deforestation trends.
Deep dives
The Role of Tropical Rainforests in Climate Regulation
Tropical rainforests, characterized by their dense canopies and high biodiversity, play a pivotal role in regulating the global climate. These forests, particularly the Amazon, are critical for carbon capture, effectively storing as much carbon as all U.S. emissions historically. The removal of these trees leads to significant increases in atmospheric CO2, highlighting the urgency of protecting these ecosystems. With the Amazon accounting for approximately 10% of global biodiversity, the implications of deforestation extend beyond carbon regulation to encompass the potential loss of numerous species.
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