What has Driven Deforestation in Developing Countries Since the 2000s? Evidence from New Remote-Sensing Data

We finally estimate, through a simple calibration exercise, the requirements for a cost-effective REDD+ policy for compensating trade losses in an open economy exporting agricultural commodities and endowed with tropical forests. We conclude that, in a world with increasing global demand, it might be costly to compensate totally and thus to offer the right incentives for developing countries to limit deforestation.