Environmental Services

Environmental Services

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.

Our acknowledgment

In the spirit of reconciliation, Forest & Wood Products Australia acknowledges the Traditional Custodians of Country throughout Australia, and we acknowledge their connection to the land and their custodianship of Country and forests. We pay our respect to Elders past and present and extend that respect to all Aboriginal and Torres Strait Islander peoples.

Our acknowledgment