REDD

The latest issue of The Economist features a special report on forests, which perform valuable services like sequestering carbon and regulating runoff. Because people can easily get paid for timber (or crops grown on deforested land) but not so easily for preserving forests, deforestation is rampant. As countries become wealthier, they generally start taking more actions to preserve their forests, but that process won't happen quickly enough to avert an environmental crisis. The Economist's leader article highlights one strategy to speed the transition - and the challenges it faces: The main…