I don't know. But Europe did that for centuries in Latin America, Africa, India, and got very rich with that. Ok, they didn't know how dangerous it could be.
But now Europe has the 'moral authority' to prevent poor countries from explore their own lands to give a decent life to their citizens, that have been left in misery after decolonization.
BTW, Europe talk so loud about climate changes, sign agreements and so on but do nothing relevant about it. Do you know why?
Otherwise it might look like Europe is only interested in forests that compensate their CO2 emissions.
Should I stop burning CO2? nahhh, it's too expensive. Let's pretend we care about others forests and blame on them.