The economic value of tropical forests in meeting global climate stabilization goals

Abstract

Conserving tropical forests has many benefits, from protecting biodiversity, sustaining indigenous and local communities, and safeguarding climate. To achieve the ambitious climate goals of the Paris Agreement, forest protection is essential. Yet deforestation continues to diminish the world's forests. Halting this trend is the objective of the international framework for Reducing Emissions from Deforestation and forest Degradation (REDD+). While previous studies have demonstrated the contribution of tropical forests to mitigate climate change, here we show that tropical forest protection can ‘flatten the curve’ of the costs of transition to climate stability, estimating tens of trillions of dollars in policy cost savings.

Keywords

• adaptation and mitigation
• economics
• ecosystem services
• modeling and simulation
• natural resources (biological and non-biological)