This article, published by, discusses the use of forest conservation to reduce greenhouse gas emissions from deforestation in the Amazon. The author describes the 'reducing emissions from deforestation and degradation' (REDD) mechanism included in the Bali roadmap for international agreement on climate change. He gives a brief history of REDD, explains how it could work and discusses complicating factors including land rights, measurement of deforestation rates, displacement effects of conservation and funding.

The author also discusses how promoting ecosystem services could provide a route to conserving rainforests, citing the example of Canopy Capital — a UK private equity firm that recently bought the rights to environmental services generated by a rainforest reserve in Guyana. He also examines other market incentives that could be used, including satellite surveillance to enforce conservation and certification for farmers following conservation rules.