The sentence states a general, timeless fact about tropical forests, so the simple present tense is correct here. "Play" agrees with the plural subject "forests", and "as" correctly means "in the capacity of", matching the sense of forests acting as reservoirs.
Since the underlined part has no error, option A, "no error", is correct.
If the price of a commodity increases by 25%, by what percentage should the consumption be reduced to keep the expenditure the same?