Patching up Kyoto

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Joseph Stiglitz notes one of the key flaws of the Kyoto Protocol: it doesn’t give countries any incentive to preserve their rainforests, despite the fact that many poor countries have some rather obvious incentives to cut down their forests, and despite the fact that forests obviously play a useful role in keeping carbon concentration in the atmosphere down.

Now some developing countries like Costa Rica have begun paying for environmental services, like forest maintenance, to counteract this trend; but the program could really kick off if rich countries could kick in a few bucks. And why should they do such a thing? Because those countries who have signed onto the Kyoto Protocol are actually being subsidized by rainforest countries:

The Kyoto Protocol has generated new markets for trading carbon emissions, such as the European Emissions Trading Scheme (ETS). At current carbon prices, the value of carbon sequestration by tropical rainforests likely equals or exceeds the current level of international aid being provided to developing countries. In effect, the poor are aiding the rich.

These are some weird glitches in the whole system, and some leading countries would rather just sit around and wait until 2012 to fix them. That, needless to say, would be far too late.

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SIX TRUTHS

Reclaiming power from those who abuse it often starts with telling the truth. And in "This Is How Authoritarians Get Defeated," MoJo's Monika Bauerlein unpacks six truths to remember during the homestretch of an election where democracy, truth, and decency are on the line.

Truth #1: The chaos is the point.

Truth #2: Team Reality is bigger than it seems.

Truth #3: Facebook owns this.

Truth #4: When we go to work, we're in the fight.

Truth #5: It's about minority rule.

Truth #6: The only thing that can save us is…us.

Please take a moment to see how all these truths add up, because what happens in the weeks and months ahead will reverberate for at least a generation and we better be prepared.

And if you think journalism like Mother Jones'—that calls it like it is, that will never acquiesce to power, that looks where others don't—can help guide us through this historic, high-stakes moment, and you're able to right now, please help us reach our $350,000 goal by October 31 with a donation today. It's all hands on deck for democracy.

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