ABSTRACT
This chapter examines the efficacy of existing international legal frameworks to protect terrestrial ecosystems, analyses the Kyoto Protocol's provisions governing the atmospheric impacts of land use and suggests improvements to Kyoto's market framework to further both conservation and protection of the climate. A single premise provides context for our entire analysis: protecting terrestrial ecosystems and the climate requires the development of economic institutions that value the Earth's natural systems. To be effective, international environmental laws must create mechanisms to finance protection of the climate and natural ecosystems.
