…Putting a price on trees' services — climate regulation, biodiversity maintenance and water storage, for example — is the latest in a long list of market-based measures designed to save
Market-based mechanisms appeal because they appear a win-win, says Ronnie Hall, coordinator for Global Forest Coalition, an international coalition of environmental groups. "Governments don't have to dip into the public purse so much, and private investors think they can make a profit out of it … It's very skewed. In the end, it's all become about money", she says.
As the world's financial markets totter, Latin Americans are wondering if the business theorists haven't hoodwinked them. "The problems that have been caused by companies with their own rules cannot be solved by the same companies with the same rules," says Ana Filippini, spokesperson for the World Rainforest Movement, a Uruguayan-based conservation group.
… Market-based schemes fail the residents of