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CGD in the News

We Know How to Reduce Deforestation – So Where's the Money? (The Guardian)

July 28, 2017

From the article:

For years some environmentalists and economists have argued that you could pay people to keep their forests standing, maintaining carbon sources and habitat for threatened species. Yet, the idea – known as payments for ecosystem services or PES – has faced critics, who argued it wouldn’t live up to the hype. A new study in Science this week may make them think twice...

“Evidence from this gold-standard randomised controlled trial corroborates other evidence,” said Jonah Busch, a senior fellow at the Center for Global Development who was not involved in the research, adding that “paying people to keep forests standing can be a cost-effective way to reduce deforestation and thus fight climate change.”...

Unfortunately, the funding for the Uganda initiative has run out, but Jayachandran hopes that its success will convince funders to kick-start it again with CSWCT – and expand it.

Busch said the “missing piece” in combating global deforestation is not good ideas, but funding from wealthy countries.

Read full article here.