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At the 2009 climate negotiations in Copenhagen, the United States, Britain, Norway, and other developed countries committed $4.5 billion to launch a global initiative that would begin to assess the value of the world’s tropical rain forests. Four years later, in 2013, at the Warsaw Climate Change Conference, further rules set criteria for tropical countries to meet in order to receive payments in return for reducing deforestation or launching sustainable forest management strategies. Now global efforts focus on what the forests are worth, and who will pay to keep them standing.
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Mark Schapiro (Carbon Shock: A Tale of Risk and Calculus on the Front Lines of the Disrupted Global Economy)