Norway will give Liberia up to 150 million dollars in aid in exchange for which Liberia will try to stop the rapid destruction of trees. Years ago  Norway made a similar deal with Brazil to halt deforestation.  In 1960 economist Ronold Coase talked about bargaining between parties that could produce a mutual benefit.  James Surwieki in the New Yorker points out that trying to get Liberia to stsop cutting down trees without an incentive is high-handed.  The deal Norway has made makes sense for both parties.

Noone wants more Chinas.  Developing countries suffer most under cimate change regulations. So why not pay them to leap to the future?