ABSTRACT
This chapter explains what the man and the woman in the street have said about compensation issues. The Science Advisory Board (SAB), a prestigious part of the Environmental Protection Agency (EPA), has recommended using marketplace incentives to achieve environmental goals. Global warming on a scale that would have been thought impossible a century ago now is a possibility. Environmental groups have been in the forefront of advocating a debt-for-nature swap. The struggling Third World countries then have a major economic incentive to decrease deforestation, since some of their crushing debt burden would be reduced. A broader concept promoted by the SAB is "product stewardship." Many of the SAB recommendations concern what could be called "global" problems, those which involve national policy as opposed to specific locations. Excess chlorofluorocarbons (CFCs) can deplete the stratospheric ozone layer. There are two approaches to this problem: One is a simple ban, as enshrined in international treaties on the subject, and another is financial.
