21st May 2024
EP Report

Market-based approaches to forest conservation like carbon offsets and deforestation-free certification schemes have largely failed to protect trees or alleviate poverty, according to a major scientific review published recently.


The global study -- the most comprehensive of its kind to date -- found that trade and finance-driven initiatives had made "limited" progress halting deforestation and in some cases worsened economic inequality.


Drawn from years of academic and field work, the report compiled by the International Union of Forest Research Organizations (IUFRO), a group of 15,000 scientists in 120 countries, will be presented at a high-level UN forum starting Monday.


Its authors urged a "radical rethink" of increasingly popular market-based approaches often promoted as effective at saving forests, curbing global warming and raising living standards in developing nations.


"The evidence does not support the claim of win-wins or triple wins for environment, economy and people often made for market mechanisms as a policy response to environmental problems," said contributing author Maria Brockhaus from the University of Helsinki.

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