Monday, 10 September 2007

The Race is On

In perhaps the boldest environmental move by any nation, President Oscar Arias of Costa Rica has announced that Costa Rica will be carbon neutral by 2021 - probably the first in the world to be so.

Hydrocarbons - including gasoline and diesel - already bear a heavy tax burden, making fuel there more expensive than in any other country in Central America. Three percent of these taxes fund Costa Rica's cutting-edge program of payment for environmental services, called the National Forest Financing Fund (FONAFIFO), which compensates landowners for growing trees.... the program doles out almost $15 million a year to more than 8,000 property owners.

1 comment:

Kevin said...

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