Research paper that looks at the cost-effectiveness of tropical forest conservation as a means of mitigating climate change. Evaluates the associated opportunity costs of such projects (versus logging and agricultural alternatives) from local, national and global perspectives using a case study from Madagascar. Finds that differing economic signals across different scales may exacerbate tropical deforestation unless climate frameworks like the Kyoto Protocol are able to create markets for protecting tropical forests to mitigate climate change.
