By Randall A. Kramer
Valuing Tropical Forests: technique and Case research of Madagascar (World financial institution setting Paper, thirteen) [Paperback]
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Extra resources for Valuing tropical forests: methodology and case study of Madagascar
Sample text
The existence of tropical forests is essential to achieving sustainable development on all three fronts: economic, ecological and sociocultural. Goods and services derived from forests support economic development. When forest resources are managed sustainably, a continuous flow of goods and services can be ensured. Indeed, there is significant potential to expand the economic benefits from tropical forests and also ensure a more equitable distribution of these benefits. Previously untapped benefits such as recreational use can be identified and utilized.
While the overall objective is to improve the quality of life, this objective is constrained by the need to diminish the intensity of resource use, in order to maintain or even enhance environmental assets and services for the future. It is unreasonable to expect that all tropical forest resources can be maintained intact, especially given the projections for population growth in the developing countries. If alternative uses of forest land yield higher returns than intact forests, then conversion is warranted.
By acting as a storehouse of carbon, tropical forests help to maintain the balance of carbon in the atmosphere, consequently influencing global climatic conditions. The biomass-rich tropical forests may retain up to 55 percent of the total organic carbon stock (Rowe et al. 1992). Since the atmosphere has only a limited capacity for absorption, excess carbon contributes towards the buildup of greenhouse gases. Currently, deforestation releases between 1 and 3 billion metric tons of carbon into the atmosphere, due to the release of carbon during the burning of forests and the subsequent absence of biomass to sequester atmospheric carbon.