Global Environment Fund, a U.S. private-equity firm with $1 billion under management, completed the closing of a $160 million fund for sustainable forestry in sub-Saharan Africa.
The GEF Africa Sustainable Forestry Fund, ahead of its $150 million target, will invest $15-$30 million in existing and new plantations or natural-forest concessions, Chevy Chase, Maryland-based GEF said today in a statement.
Forest machine manufacturer Komatsu Forest has signed a major deal with the new Brazilian pulp mill Eldorado Brasil in the state of Mato Grosso do Sul. In its entirety, the contract is worth about 1.4 billion Swedish kronor (US$ 200 million).
The Ministry of Agriculture & Forestry says foresters seeking carbon credits through the Emissions Trading Scheme have been driving much of the increase in new tree plantings.
MAF's estimates, based on reports from commercial forestry nurseries, show that 67 million seedlings were planted during the year to April. That's a 27% increase on the previous year.
MAF says that would equate to 12,000 hectares of new plantings on top of what's needed to replace harvested forest.
Trees are Themba Radebe’s life. In 2007 he realised a dream by buying a gum tree plantation after working for forestry and packaging company Mondi for almost 20 years.
Trees are Themba Radebe’s life. In 2007 he realised a dream by buying a gum tree plantation after working for forestry and packaging company Mondi for almost 20 years.
The Australian House of Representatives Standing Committee on Agriculture, Resources, Fisheries & Forestry has issued the findings of its inquiry into the forestry sector. It recommends that current regional forest agreements be extended and that a national strategy for the plantation timber segment be created. This would help reduce the import deficit in wood products for the construction industry, which reached $A468m in 2010.
Asia Pulp & Paper Group (APP) has called on WWF International to disassociate itself from a report by Sumatra-based NGO ‘Eyes on the Forest ’ (EOF) which contains ‘clearly false’ allegations regarding the company’s operations.
Recently, the Brazilian Ministry of Environment announced data showing a decrease in the deforestation rates in the Amazon during the past couple of months. Timberinvestments.co, an investment portal, operated by green investments media Dezz, looks into the positive effects that sustainable forestry management has on the reduction of deforestation of native forests in the country.
We are losing our natural forests to tree plantations yet on paper, all is well because these plantations are considered ‘forests’.
MOST of the wood-based products which we use in our daily life, be it paper or wooden furniture, are made from materials which have been sourced from forest plantations.
Portugal, Aug 31, 2011, The Portucel Soporcel is exhibiting again at the 47th Maputo International Trade Fair
(FACIM), the largest trade event with an international dimension in Mozambique.
There is a massive re-rating of native forest going on, even as world resolve to tackle climate change crumbles. Deforestation accounts for roughly 20 per cent of our greenhouse problem, on the ''sink'' side of the ledger (because it's not just about how much gas we pump up into the atmosphere - by clearing trees we damage the planet's ability to suck it back down).
