On October 8th, Columbia University's Professor José A. Scheinkman gave a speech titled “Carbon Prices and Forest Preservation over Space and Time in the Brazilian Amazon” at the 104th session of the Tsinghua Forum.
In his address, the prominent economist emphasized the region's 40-year struggle with escalating deforestation for agricultural purposes and ballooning carbon emissions. The Amazon Fund, set up by Norway and Germany in 2008, incentivizes reduced emissions with a $5-per-ton payment.
Scheinkman, also a Member of the National Academy of Sciences, Fellow of the American Academy of Arts and Sciences, and Theodore A. Wells ‘29 Professor of Economics (emeritus) at Princeton University, shed light on the necessity of astute policy-making to navigate the delicate balance between environmental conservation and agricultural development.
Coordinated by Tsinghua University’s PBC School of Finance and the Academic Committee of Tsinghua University, the forum served as a confluence of scholarly insights and practical approaches toward sustainable development.
Editor: Li Han
