Quantcast

3 Ways the Marketplace Could End Rainforest Deforestation

Business

There was a lot of talk about deforestation at the latest round of international climate talks in December 2015 and it's no mystery why: Tropical deforestation and forest degradation account for as much as 19 percent of global greenhouse gas emissions today.

The good news? Powerful market-based strategies for tackling such emissions are emerging with several Brazilian states leading the way. They show that, if scaled up, we can, in fact, halt emissions from deforestation in the Amazon—the largest remaining tropical forest in the world—within a matter of years.


Here's how we get there:

1. States Using Financial Incentives to Spur Change

The Brazilian state of Acre, home of world-renowned rubber tapper and environmental leader Chico Mendes, is developing a market-based system to reward landowners and forest communities financially for conserving forest.

This and other policies resulted in a 70-percent reduction in deforestation between 2005 and 2014, keeping 177 million tons of carbon dioxide out of the atmosphere. At the same time, Acre significantly improved incomes and social indicators.

The state recently did the first-ever international REDD+ credit transaction with the German development bank and 70 percent of the proceeds were invested in projects in indigenous and forest communities.

Two other Brazilian states, Para and Mato Grosso, are following suit.

Pedro Taques, governor of Mato Grosso, has proposed an ambitious and collaborative zero-deforestation rural development plan for a vast area of native forest and savanna. It would protect 60 percent of the state's territory, an area almost the size of France, while ramping up agriculture in already cleared or degraded land. The plan also promises to improve incomes for 100,000 poor family farmer families.

2. Carbon Markets Connecting to Gain Strength

All three states consider carbon markets to be critical to their success, along with zero-deforestation zones needed to build the sustainable supply chains consumer-goods companies now demand to meet their own climate and conservation commitments.

For all of this, the timing is right: California, with the world's most comprehensive carbon market and ambitious emissions reductions targets is moving ahead on a regulatory process to allow states that reduce deforestation to sell emissions reductions into its markets.

This step would send an enormously powerful signal to the Amazon that forest protection can indeed be good business—for farmers, ranchers and forest communities.

3. Corporate Supply Chains Are Coming Onboard

Major consumer goods companies are playing a growing role in the effort to halt deforestation and forest degradation. Some examples:

  • Walmart, Unilever, Nestlé and more than 400 other companies joined the Consumer Goods Forum, which has committed to zero net deforestation in major commodity supply chains by 2020.
  • European Union oilseed buyers prompted Brazilian soy traders to call on their suppliers to furnish deforestation-free Amazon soy after 2006.
  • Brazil's biggest supermarkets called on their meat packers to provide deforestation-proof beef after the Brazilian Attorney General's Office warned Walmart and other retailers in 2008 that they could be held liable for beef grown on illegally deforested lands. This sends a strong signal to Brazilian farmers that deforestation is bad business.

Potential Setbacks

There are also some new and remaining challenges ahead.

After a decade of progress, deforestation in Brazil hit a historic low in 2012—but has since risen about 22 percent above that level. With the country in political turmoil and economic crisis, proposed federal incentives for forest protection have not materialized and some members of Brazil's Congress are now proposing to roll back forest protection.

Meanwhile, the demand for REDD+ carbon credits needed to end large-scale deforestation is not there just yet, which could lead to delays.

But as global pressure builds to address climate change, there is also a new resolve to address and, importantly, fund efforts to halt deforestation. When working in tandem with the market-driven changes under way today, they can keep us on the path to zero deforestation.

EcoWatch Daily Newsletter

Tim P. Whitby / 21st Century Fox / Getty Images

The beauty products we put on our skin can have important consequences for our health. Just this March, the U.S. Food and Drug Administration (FDA) warned that some Claire's cosmetics had tested positive for asbestos. But the FDA could only issue a warning, not a recall, because current law does not empower the agency to do so.

Michelle Pfeiffer wants to change that.

The actress and Environmental Working Group (EWG) board member was spotted on Capitol Hill Thursday lobbying lawmakers on behalf of a bill that would increase oversight of the cosmetics industry, The Washington Post reported.

Read More Show Less
A protest march against the Line 3 pipeline in St. Paul, Minnesota on May 18, 2018. Fibonacci Blue / CC BY 2.0

By Collin Rees

We know that people power can stop dangerous fossil fuel projects like the proposed Line 3 tar sands oil pipeline in Minnesota, because we've proved it over and over again — and recently we've had two more big wins.

Read More Show Less
Sponsored
Scientists released a study showing that a million species are at risk for extinction, but it was largely ignored by the corporate news media. Danny Perez Photography / Flickr / CC

By Julia Conley

Scientists at the United Nations' intergovernmental body focusing on biodiversity sounded alarms earlier this month with its report on the looming potential extinction of one million species — but few heard their calls, according to a German newspaper report.

Read More Show Less
DoneGood

By Cullen Schwarz

Ethical shopping is a somewhat new phenomenon. We're far more familiar with the "tried and tested" methods of doing good, like donating our money or time.

Read More Show Less
Pixabay

Summer is fast approaching, which means it's time to stock up on sunscreen to ward off the harmful effects of sun exposure. Not all sunscreens are created equally, however.

Read More Show Less
Sponsored
Mark Wallheiser / Getty Images

The climate crisis is a major concern for American voters with nearly 40 percent reporting the issue will help determine how they cast their ballots in the upcoming 2020 presidential election, according to a report compiled by the Yale Program on Climate Change Communication.

Of more than 1,000 registered voters surveyed on global warming, climate and energy policies, as well as personal and collective action, 38 percent said that a candidate's position on climate change is "very important" when it comes to determining who will win their vote. Overall, democratic candidates are under more pressure to provide green solutions as part of their campaign promises with 64 percent of Democrat voters saying they prioritize the issue compared with just 34 percent of Independents and 12 percent of Republicans.

Read More Show Less
Flooding in Winfield, Missouri this month. Jonathan Rehg / Getty Images

President Donald Trump has agreed to sign a $19.1 billion disaster relief bill that will help Americans still recovering from the flooding, hurricanes and wildfires that have devastated parts of the country in the past two years. Senate Republicans said they struck a deal with the president to approve the measure, despite the fact that it did not include the funding he wanted for the U.S.-Mexican border, CNN reported.

"The U.S. Senate has just approved a 19 Billion Dollar Disaster Relief Bill, with my total approval. Great!" the president tweeted Thursday.

Read More Show Less
Reed Hoffmann / Getty Images

Violent tornadoes tore through Missouri Wednesday night, killing three and causing "extensive damage" to the state's capital of Jefferson City, The New York Times reported.

"There was a lot of devastation throughout the state," Governor Mike Parson said at a Thursday morning press conference, as NPR reported. "We were very fortunate last night that we didn't have more injuries than what we had, and we didn't have more fatalities across the state. But three is too many."

Read More Show Less