​SAVE THE RED PANDA

The main cost to save the red panda will be stopping the deforestation and logging companies in China and the Himilayan mountains. The cost of this is difficult to pinpoint, as saving these forests would mean having to implement new legislation, which could hold various different economic implications. As local forest resources are beginning to become scarce, China’s logging industry is beginning to rely considerably on imports. Industry revenue for solely imports is expected to grow at an annualized 8.0% over the five years through 2024, to $26.7 billion (Jacqlyn Kirkland, 2019). This trend is expected to grow by 4.3% in 2020. If China can move to more import heavy logging profit it could greatly benefit the forest ecosystems while also becoming more profitable for China. This symbiotic relationship would offer a partial resolution to the deforestation problems in China, and we could see the red panda population slowly rise back to what it once was!