Costa Rica / Environment
Costa Rica reversed deforestation by paying landowners $64/hectare/year to maintain forests. Funded through a fuel tax and carbon credit sales, the program doubled forest cover from 26% to 52% in 20 years while creating a $4B ecotourism economy.
National program paying landowners for forest conservation, reforestation, and biodiversity protection
Forest cover doubled in 20 years
26% to 52% forest coverage
$4B ecotourism economy created
Costa Rica reversed deforestation by paying landowners $64/hectare/year to maintain forests. Funded through a fuel tax and carbon credit sales, the program doubled forest cover from 26% to 52% in 20 years while creating a $4B ecotourism economy.
Land
District-wide program
Capital
$15-50M annually
Regulatory
Environmental services law, fuel tax amendment
Tags
Constraints