According to the BBC’s Richard Black, Environment Correspondent, ”the global economy is losing more money from the disappearance of forests than through the current banking crisis, according to an EU-commissioned study. It puts the annual cost of forest loss at between $2 trillion and $5 trillion. The figure comes from adding the value of the various […]

The Russian Federal Government is trying to assist development of its forest industry by adding export taxes on logs, thereby limiting competition by foreign companies for the Russian timber, as reported by Wood Resource Quarterly. These taxes are currently 25% of the log value (€15/m3) for softwood logs and are scheduled to increase to a […]

The international community should enable rainforest countries to halve deforestation by 2020 and make the global forest sector ‘carbon neutral’ by 2030. This is the recommendation of an independent report to the British Prime Minister published today. The Eliasch Review, Climate Change: Financing Global Forests, is an independent report commissioned by the Prime Minister and […]

Payments from polluters in rich countries to tropical communities in exchange for slowing deforestation may soon play a bigger role in combating climate change if problems like measuring preservation efforts can be overcome. It’s a bit of a minefield,” Michael Brune, the executive director of nonprofit group the Rainforest Action Network, told the Reuters Global […]

Wood chip costs in Western US, which have been some of the highest in North America, declined 13% in the 3Q, but are currently still 25% higher than a year ago. Another region in the US that has experienced substantial fibre cost changes this year is the Northeast, where hardwood log prices have increased for […]

The Vale Florestar project, one of mining company Vale’s main environmental projects in the north of Brazil, will benefit 300 Mha in the southeast of Pará. It will enable CO2 sequestration in record volumes. Altogether, more than 11 million seedlings have already been planted and 40,000 ha have been recovered; 15,000 to plant eucalyptus and 25,000 for […]