Can Economics Save the Rainforest?

There are still places on the planet of staggering beauty and biological diversity that defy the imagination. Countless species have yet to be described by scientists. These very places are being gradually carved up, cleared and converted to suit economic needs, with serious environmental consequences on a local and global scale. A growing recognition of the centrality of economics to the fate of the forest and other natural areas has spurred international conservation organizations to place new emphasis on understanding and changing the economics. Can an economically informed approach make a difference?

John Reid and Marcos Amend draw on over three decades of combined experience to address that question in a session that will look at the economic fundamentals of forest conservation. Their talk will focus on Brazil, looking at the country as both a regional powerhouse and home to some of the last Indigenous, forest-based cultures. Reid and Amend will show how Brazil's economy is driving development in the Amazon Basin, shared by nine countries, with important implications for biodiversity and demanding economically smart solutions. They will also provide a glimpse into economics at a local scale, where Indigenous people are trying to plan realistic businesses that maintain a role for standing forest.