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.
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Australian company Base Resources was allowed to destroy the Mikea Forest as long as it established an offset project, which, in turn, would impose far-reaching restrictions on communities to access their land and forests.
A field report by WRM and Re:Common. Available in Malagasy.