“Deforestation is a complex subject, but — put simply — it is driven by the fact that the world values forests more dead than alive!” Dr. Temu said. “Traditional economic theory – which considers ecosystem services a ‘common good’ and thus free to all – is primarily responsible for the massive loss of the world’s forests!”
Rural communities, which depend on and care for the forests, are forced to seek alternate ways of making a living, giving up opportunities to be gained from producing products such as timer, palm oil, coffee and cocoa, he said.
“The international commodity markets, in fact, have hardly changed from colonial times,” Temu pointed out. “The environment is devastated, rural communities stay poor, and the rich shift the blame.”
Wealthier nations blame developing countries’ “lack of governance and corruption,” but Temu said that “symptoms of obsolete market constructs” are what in fact propel deforestation.
He called on world leaders to formulate a new economic theory and market system that allow for a sustainable future.
Roughly $20 billion will be needed annually to slash carbon emissions from deforestation by half. “But this would be a wise investment, even for this one ecosystem service alone,” the deputy prime minister said.
Last week, Secretary-General Ban Ki-moon unveiled a pioneering initiative aimed at combating climate change through creating incentives to reverse the trend of deforestation.
The U.N. Reduced Emissions from Deforestation and Forest Degradation Program is designed to tip the fiscal balance in favor of sustainable management of forests, simultaneously bringing economic benefits to participating countries and contributing to significant reductions in greenhouse gas emissions.
