Pricing Nature

There is a long history of putting a price on parts of nature. The centuries-old corporate rush for prized timber and land has led to the loss of forests on a large scale and the violation of communities’ rights. So-called "ecosystem services," such as the role that forests play in ecosystems, are a new way of monetizing and trading in nature. The result is greater dispossession of forest-dependent communities and ongoing corporate destruction of community territories.

An article from Mongabay news portal alerted the announcement of French oil giant Total Energies for developing a 40,000 hectare monoculture plantation in the savannahs of the Republic of Congo to offset its emissions.