On 13 February 2019, the Supreme Court of India ordered the forced eviction of millions of forest-dwelling people. The court’s decision is the result of a case filed in 2008 by wildlife conservation organisations: Wildlife First, Nature Conservation Society, and Tiger Research and Conservation Trust.
Yesterday, California’s Air Resources Board released a preliminary draft of proposed amendments to its Global Warming Solutions Act (AB 32) aimed at extending the cap and trade scheme beyond 2020.
Putting a price on nature seems like a simple idea: If nature had a price, wouldn’t corporations and governments be less likely to destroy it? Wouldn’t putting a price on nature overturn what economist Pavan Sukhdev calls “the economic invisibility of nature”?
Last week, a small announcement appeared on the website of the US Embassy in Jakarta: “The United States government and the Indonesian Ministry of Forestry today launched a new rainforest standard for carbon credits in West Bali National Park.”