Internalising the Externalities of Tropical Forest Conservation

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Focusing on sustainable forest management (SFM), the author examines 13 pivotal publications addressing the dual challenges of deforestation and climate change. He highlights the potential for SFM to yield "win-win" outcomes, benefiting both the environment and poverty reduction. However, achieving these outcomes necessitates addressing market, policy, and institutional failures driving deforestation. The book advocates for a balanced approach that includes payments for ecosystem services and improved governance, emphasizing the urgency of current opportunities like REDD to protect remaining tropical forests effectively.