International Policies to Combat Deforestation: A Game-Changer for Climate Change
The article discusses how economics can help design international policies to reduce deforestation and increase reforestation. It focuses on creating incentives for countries with strong capabilities to address deforestation effectively. The research highlights the importance of minimizing negative effects like leakage and selecting the right policies to achieve multiple goals. It also addresses challenges like private information and the inability of countries to commit long-term. Additionally, it suggests using policies alongside incentives for countries with weaker capabilities.