The race is on to place a new value on forests to drive

Why are forests central to the climate fight

LONDON (Reuters) The world remaining tropical forests are at canada goose uk black friday the center of attention like never before.

Rich canada goose clearance nations such as Norway and the United States have pledged billions of dollars to help poorer nations canada goose clearance sale set aside large areas of forest to Canada Goose Jackets fight climate change by soaking up heat trapping carbon dioxide.

But with the world canada goose coats on sale population heading for nine billion canada goose outlet, forests face equal pressure from mining, agriculture, timber and pulp firms eager to meet the voracious demands from an ever expanding global economy. The race is on to place a new value on forests to drive governments and companies to canada goose uk outlet put the brakes on deforestation.

Following are some questions and answers on the issue.

WHY ARE FORESTS IMPORTANT? Cutting down and burning forests, particularly carbon rich peat swamp forests, is responsible for 12 to 17 percent of canada goose store mankind greenhouse gas emissions, studies say.

Scientists say rising greenhouse gas emissions are causing sea levels to rise and more extreme weather.

The United Nations says halting forest loss is canada goose coats crucial to curbing the pace of climate change since the more forest land is preserved or rehabilitated, the more carbon from power stations, transport and industry is soaked up and locked away.

Forests are also being increasingly valued for the services they provide canada goose black friday sale economies, such as cleaning the air, acting as watersheds for rivers and as vast storehouses of species that can lead to new medicines and crops.

Nations agreed last month at environment talks in Japan canada goose factory sale to at least halve the rate of deforestation by 2020 and to ensure the financial benefits of forests are included into national accounts within a decade.

Reduced emissions from deforestation uk canada goose and degradation are aimed at rewarding poorer nations that set aside, manage and restore forests and measure cheap Canada Goose the carbon they canada goose lock away. A global trade in forest carbon offsets could potentially be worth $30 billion a year, the United Nations says, with a portion of the money Canada Goose Coats On Sale flowing to local communities.

But worries over managing the money, corruption, lack of canadian goose jacket resources and institutions in many poorer nations and absence of a global market are holding back investors.

Public money from cheap canada goose uk rich nations is bridging the gap, with more than $4 billion now pledged via an interim REDD partnership created in May this year to guide how the money is spent, build institutions and develop pilot projects. Food and Canada Goose Online Agriculture Organization said last month.

During the 1990s, it was about 16 million hectares per year.

Brazil canada goose uk shop and Indonesia have slowed their rates of deforestation canada-gooseoutlets, with Brazil in particular allocating forests for local communities and conservation. Large scale reforestation programs in China, India and Vietnam have also boosted forest cover, while millions of hectares have been cut down in Canada Goose Outlet Africa.

WHAT ARE THE COSTS OF DOING NOTHING? The 2008 Eliasch Review for the British government estimates that doing nothing to Canada Goose Parka halt uk canada goose outlet deforestation could lead to climate change costs to the global economy Canada Goose sale of $1 trillion a year by 2100.

It says reducing deforestation rates significantly needed large sums but that even taking this into account, the net benefits of halving deforestation could amount to buy canada goose jacket $3.7 trillion over the long term.

In 2006, the Stern Review found that Canada Goose online the opportunity cost of forest protection in eight countries responsible for 70 per buy canada goose jacket cheap cent of emissions from land use could be around $5 billion per annum initially, making forest protection among the cheapest options to fight climate change.

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