Video: How Market Forces Can Help Protect the World's Forests

Note: Yale School of the Environment (YSE) was formerly known as the Yale School of Forestry & Environmental Studies (F&ES). News articles and events posted prior to July 1, 2020 refer to the School's name at that time.

While world leaders have increasingly recognized the need to forge international agreements to protect forests as the global resources they are, efforts to do so over the last few decades have provided few meaningful results, says Ben Cashore, a professor of environmental governance and political science at the Yale School of Forestry & Environmental Studies.

But in an interview with The MacMillan Report, Cashore says market incentives may hold the key to better forest stewardship.

"Can we develop the proper economic incentives that might actually encourage forest companies and those conducting deforestation to change their practices? To be rewarded economically for being stewards of the environment and for reducing deforestation and reducing climate emissions?" he says. "We think the answer is a possible 'yes,' depending on how practitioners and government officials come together to nurture these kinds of processes."