Pricing Nature
There is a long history of putting a price on parts of nature. The centuries-old corporate rush for prized timber and land has led to the loss of forests on a large scale and the violation of communities’ rights. So-called "ecosystem services," such as the role that forests play in ecosystems, are a new way of monetizing and trading in nature. The result is greater dispossession of forest-dependent communities and ongoing corporate destruction of community territories.
Australian company Base Resources was allowed to destroy the Mikea Forest as long as it established an offset project, which, in turn, would impose far-reaching restrictions on communities to access their land and forests.
A field report by WRM and Re:Common. Available in Malagasy.