Paul Ekins

Paul Ekins of the University of London pointed out that there are proposals to introduce carbon credits for reduced deforestation post-2012. 1 hectare of tropical forest can provide $2-2,000 net value from clearance followed by plantation, whereas carbon credits could increase the value of that hectare to $10,000, preventing destruction of the natural forest (based on credits of $20 per tonne CO2 and 500 tonnes CO2 stored per hectare).

Paul Ekins
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From 6th Richard Jones Memorial Lecture, Green Economics for a New World Order, Hobart, 9 March 1992 by Paul Ekins; environmental economist, University of London.

9 Paul Ekins, environmental economist, London of University says Tasmania should insist on the logging companies paying for the resources and also for the cost of replacing them.