{"id":16020,"date":"2024-03-08T08:04:00","date_gmt":"2024-03-07T21:04:00","guid":{"rendered":"https:\/\/woodcentral.com.au\/?p=16020"},"modified":"2024-10-21T20:19:50","modified_gmt":"2024-10-21T10:19:50","slug":"before-eudr-green-finance-is-key-to-de-risk-tropical-timber","status":"publish","type":"post","link":"https:\/\/woodcentral.com.au\/before-eudr-green-finance-is-key-to-de-risk-tropical-timber\/","title":{"rendered":"Before EUDR, Green Finance is Key to De-risk Tropical Timber"},"content":{"rendered":"\n

With the European Union’s landmark deforestation regulation just months away from effect<\/a>, green finance plays a crucial role in certifying the world’s tropical forests, which remain at the highest risk of deforestation.<\/p>\n\n\n\n

That is according to Yong Teng Koon, who, until mid-2021, was the long-time CEO of the PEFC-aligned Malaysian Timber Certification Council, who yesterday spoke at the International Conference on Sustainable Management of Tropical Forests in Sarawak, Malaysia.<\/p>\n\n\n\n

It comes as Wood Central reported in December<\/a> that the International Tropical Timber Organisation Executive Director, Sheam Satkuru, warned that global leaders must ramp up investment in sustainable tropical forest management or risk large-scale deforestation caused by land use change.<\/p>\n\n\n\n

According to Mr Koon, “Tropical forests are valuable and essential to be sustainably managed,” adding that “to be able to do so, it’s also important to ensure that SFM must also provide economic value with additional values from ecosystem services.” <\/p>\n\n\n\n

He added, “The industry also needs supportive policy and an enabling environment, including assurance of long-term tenure.”<\/p>\n\n\n\n

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