Carbon prices too low to protect SE Asian forests from rubber expansion - report | PLACE
▻http://www.thisisplace.org/i/?id=d4263083-a216-4f22-a579-e4503f8e1982&cid=social_20180328_75909087&a
The price of carbon credits must rise drastically if they are to help protect Southeast Asia’s tropical forests against rubber plantation expansion, according to researchers.
Individuals, companies and countries purchase carbon credits to offset their greenhouse gas emissions.
Putting a cost on carbon emissions provides an incentive to do business more sustainably, and a disincentive to engage in environmentally damaging activities - like clearing forests.
But researchers found that credits bought and sold on international markets would need to rise from $5-$13 per tonne of carbon dioxide to $30-$51 per tonne if they are to safeguard Southeast Asian forests from rubber.
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