The world is watching as California weighs controversial plan to save tropical forests
LOS ANGELES - Smoke is still rising from the Amazon as fires smolder in the world's largest rain forest. The blazes triggered a wave of global outrage over the loss of precious trees. But California says it has a plan to keep tropical forests standing.
This week, state officials will consider a proposal to protect these forests by steering billions of dollars to countries such as Brazil. The money would fund government efforts to fight deforestation and promote sustainable industries that don't involve chopping down and burning trees. And it would come from companies that offset their own emissions by purchasing carbon credits through markets such as California's cap-and-trade program.
Preserving tropical rain forests is essential to combating climate change - around the world, roughly a third of the greenhouse gases released each year come from clearing forests. And backers say this plan is the best way to funnel much-needed cash toward that crucial task.
Others agree
