Environmental Services

Environmental Services

22nd November 2016

Forest growing is a long-term venture that is exposed to environmental risks (e.g. pests, fire, climate change). There is ongoing research into pine drought mortality and the economics of managing new and existing biosecurity threats to Australia’s plantation industry.

In addition to wood products, commercial forest crops can produce a wide range of environmental and societal values that may not be currently captured or valued by the forest owner or the community. This includes carbon storage, recreation, water catchment and biodiversity values. FWPA is working with the Australian Bureau of Statistics to undertake a pilot investigation into the Green Triangle forestry region to determine the value of these environmental services through natural capital accounting methodologies.

There is also an opportunity to look at alternative funding mechanisms for these environmental values using mechanisms such as social impact bonds. A scoping study will be commissioned to explore the new mechanisms for funding sustainable forest management.

About Us

Forest and Wood Products Australia Limited (FWPA), a not-for-profit company, is the forestry and wood industry’s service provider, investing in research and development, and providing research results to the forest and wood products industry in Australia. FWPA aims to improve the competitiveness and sustainability of the Australian forest and wood products industry through innovation, and investment in effective and relevant R&D.

Contact Us

Forest and Wood Products Australia
Level 11, 10-16 Queen Street
Melbourne VIC 3000 Australia

Phone: +61 3 9927 3200
Fax: +61 3 9927 3288
Email: info@fwpa.com.au

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