Guyana: Bharrat Jagdeo’s Rainforest Proposal…

[Karl]

While probably not intended as the main point raised by the author of this article: Caribbean Net News: Climate change fundamental threat to sustainable development, says Guyana minister , the idea sounds quite interesting:

Guyana President Bharrat Jagdeo has long been advocating that countries with intact standing rainforests receive monetary compensation for the services these forests provide to the rest of the world as they store large amounts of carbon.

Does this (or some variation on the theme) sound like a good incentive for encouraging these "lesser developed", yet biomass/biodiversity-rich countries with tropical climates, to preserve and enhance their natural forest resources?

The benefits of doing so, will be much wider in scope than the context of this article (i.e. the role of these forests in global climate stabilisation), but what are the costs?