A couple of months ago, I wrote a piece, now posted at Seed, about a financial mechanism for reducing deforestation and degradation (REDD) and vaster territory it will likely prime for pricing ecosystem services. It's fun to watch the story evolve, as now we're seeing the U.K.-based Canopy Capital sign an agreement to protect a 371,000 hectare chunk of tropical forest in Guyana -- in advance even of a market infrastructure to value all the services provided by this land. For the most part, I see action in this direction as a good thing. Certainly the climate scientists, conservationists, and …
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