Progressive New Forestry Law

There's a brand new national forestry law in Liberia, and it looks pretty promising, according to this post from the blog of the Executive Director of the Sierra Club:

It sets aside 30 percent of the forests as reserves, and guarantees that local communities will have to approve all timber concessions and will receive 30 percent of the revenues. But there's a smart twist -- those revenues will come from property taxes, not extraction fees, so the incentive is for the local communities to make sure there is no overlogging to ensure that the land isn't devalued and that the payments continue indefinitely -- a model considerably better than how the U.S. treats its own national forests!

Thanks David for the links.