Friday, March 20, 2015

Bonfire of the ivories

Let's discourage the black market by making the price rise;
The six tonnes of tusks, carvings and jewellery were burned in the capital [of Ethiopia] Addis Ababa.
It is the second African country - after Kenya - to burn its ivory stockpile to discourage the black market trading.
Making the supply of ivory lower, all other things equal, should cause prices to rise.
Ethiopia has lost more than 90% of its elephants since the 1980s. Conservationists welcomed the move.
The move will make poaching elephants more lucrative.

1 comment:

  1. What they need to do is follow the Botswana idea, which gives local tribes communal ownership over the elephants and the returns on the sale of tusks.