Tuesday, October 23, 2007

How about monetary compensation?

President Jagdeo of Georgetown, Guyana, a small South American nation north of Brazil, realized the potential threat of deforestation and created an innovative idea to reduce this threat. Jagdeo proposed a limit on logging in the forests of Guyana in return for monetary retribution. Furthermore, existing logging contracts would not be put in jeopardy; although existing contracts would remain intact, new ones would be rejected.

This idea has much potential; being paid for little work (or in the stead of work), is something most people would not turn down! However, this retribution may be enough to deplete the federal accounts of impoverished nations such as Guyana, where the rainforests exist. An act such as this may be more effective in America, where the federal government doesn't mind superfluous spending and there are many forested areas that would benefit from protection from logging. Though this act would result in a decline in the logging industry, I believe this is a good time to learn to live without tree products being so available. Trees absorb carbon dioxide, which is one of the greenhouse gases that cause global warming. Paper conservation is essential for the preservation of trees and our atmosphere. If the logging industry is put in jeopardy because of it, so be it. In the long run, it may make all the difference.


Alcohol 101 said...

My only question is how are these small nations supposed to come up with the monetary income to pay off the logging industry. These small countries often need all the income they need to one day grow into a industrialized nation. Why should they spend money protecting the environment, after all, in our pursuit of become an industrialized country, the impact we had on the environment will forever be unconceivable.

hearth35 said...

We agree that these small nations cannot afford to "pay off the logging companies". As I stated, this would soon be enough to deplete the federal accounts. That is why I proposed that a similar law be passed in the United States, where a depletion of federal funds is not an issue.