Patching up Kyoto

Let our journalists help you make sense of the noise: Subscribe to the Mother Jones Daily newsletter and get a recap of news that matters.


Joseph Stiglitz notes one of the key flaws of the Kyoto Protocol: it doesn’t give countries any incentive to preserve their rainforests, despite the fact that many poor countries have some rather obvious incentives to cut down their forests, and despite the fact that forests obviously play a useful role in keeping carbon concentration in the atmosphere down.

Now some developing countries like Costa Rica have begun paying for environmental services, like forest maintenance, to counteract this trend; but the program could really kick off if rich countries could kick in a few bucks. And why should they do such a thing? Because those countries who have signed onto the Kyoto Protocol are actually being subsidized by rainforest countries:

The Kyoto Protocol has generated new markets for trading carbon emissions, such as the European Emissions Trading Scheme (ETS). At current carbon prices, the value of carbon sequestration by tropical rainforests likely equals or exceeds the current level of international aid being provided to developing countries. In effect, the poor are aiding the rich.

These are some weird glitches in the whole system, and some leading countries would rather just sit around and wait until 2012 to fix them. That, needless to say, would be far too late.

FACT:

Mother Jones was founded as a nonprofit in 1976 because we knew corporations and the wealthy wouldn't fund the type of hard-hitting journalism we set out to do.

Today, reader support makes up about two-thirds of our budget, allows us to dig deep on stories that matter, and lets us keep our reporting free for everyone. If you value what you get from Mother Jones, please join us with a tax-deductible donation today so we can keep on doing the type of journalism 2020 demands.

payment methods

FACT:

Mother Jones was founded as a nonprofit in 1976 because we knew corporations and the wealthy wouldn't fund the type of hard-hitting journalism we set out to do.

Today, reader support makes up about two-thirds of our budget, allows us to dig deep on stories that matter, and lets us keep our reporting free for everyone. If you value what you get from Mother Jones, please join us with a tax-deductible donation today so we can keep on doing the type of journalism 2020 demands.

payment methods

We Recommend

Latest

Sign up for our free newsletter

Subscribe to the Mother Jones Daily to have our top stories delivered directly to your inbox.

Get our award-winning magazine

Save big on a full year of investigations, ideas, and insights.

Subscribe

Support our journalism

Help Mother Jones' reporters dig deep with a tax-deductible donation.

Donate