Rain forests more valuable than dead wood

Preserving the world's rain forests is the focus of the current climate summit in the Mexican city of Cancún. Subsidies must make living trees more valuable than dead wood, writes the conservative daily The Times: "Despite the criticisms, this model is still worth trying. Forests are irreplaceable. And saving them offers the cheapest and quickest way of reducing carbon emissions, according to the economist Lord Stern. He has estimated that it would cost about $5 to save each tonne of carbon dioxide in this way. This is less than the price at which CO2 is trading on the European market and far less than the cost of, say, clean coal technology. The species and rainfall would be preserved free. That is the triple dividend of forest-saving."

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