Ecological Economy South of the Orinoco
With about 37.5 million hectares of forest cover south of the Orinoco, the region has enormous potential for climate regulation services. The 7.2 million hectares currently committed to the Orinoco Mining Arc, represent around $1,465 million/year in opportunity cost, based on an estimated value of the global unitary climate regulation of the tropical forest of $2,044/ha/year (Groot et al. 2012).