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Rain Forest-Saving Credits May Cut Carbon-Emission Prices


| Sourced From Bloomberg.com |

March 31 (Bloomberg) — Awarding tradable credits to countries that reduce deforestation will cause carbon prices to plummet worldwide and may make global warming worse by pulling investors away from renewable energy, an economic study found.

Including permits for not cutting down trees in carbon markets could push prices 76 percent lower by 2020, the New Zealand-based economic modelers KEA 3 said in a study for Greenpeace International. That would remove the incentive to invest in renewable energy in poorer nations, Greenpeace said.

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