On October 8th, Columbia University's Professor Jos¨¦ A. Scheinkman gave a speech titled ¡°Carbon Prices and Forest Preservation over Space and Time in the Brazilian Amazon¡± at the 104th session of the Tsinghua Forum.
In his address, the prominent economist emphasized the region's 40-year struggle with escalating deforestation for agricultural purposes and ballooning carbon emissions. The Amazon Fund, set up by Norway and Germany in 2008, incentivizes reduced emissions with a $5-per-ton payment.
Scheinkman, also a Member of the National Academy of Sciences, Fellow of the American Academy of Arts and Sciences, and Theodore A. Wells ¡®29 Professor of Economics (emeritus) at Princeton University, shed light on the necessity of astute policy-making to navigate the delicate balance between environmental conservation and agricultural development.
Coordinated by Tsinghua University¡¯s PBC School of Finance and the Academic Committee of Tsinghua University, the forum served as a confluence of scholarly insights and practical approaches toward sustainable development.
Editor: Li Han
