The European Commission has proposed a new regulation to reduce global deforestation and forest degradation driven by EU consumption of certain commodities. If enacted, the proposed regulation would repeal the EU Timber Regulation (EUTR), therefore, having relevant implications for this sector. In this article, BVRio outlines some of the features of this proposal. The proposed […]
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There are over 50,000 species of timber in the world, but only a small fraction is widely used commercially. This, however, does not mean that the rest of the species are unsuitable for a variety of commercial uses. There under-utilised species are known as Lesser-Known and Lesser-Used Timber Species (LKTS) and can often substitute more popular species in terms of performance and aesthetics, and cost-effectiveness. This makes choosing LKTS a good business decision, which also has the potential to improve livelihoods and protect biodiversity.
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At the 12th BRICS Summit, held via video conference on the 17th November 2020, the Brazilian government “threatened to disclose” that “Europeans have purchased illegal timber from Brazil during 2017”.
Indeed, this is true.
Recent analysis by BVRio concluded that a high percentage of Brazilian hardwoods, exported to EU member states and the USA in 2016-2017, had a very high risk of illegality. The study was based on BVRio’s Timber Due Diligence systems, that uses big data analysis and satellite imagery and is able to able to identify the risk of irregularities in 99% of cases.
According to the FAO (2015), Indonesia has around 91 million hectares of forested land, which constitutes to 53% of the total land area. Indonesia has three categories of forest land: Conservation Forests, Protection Forests, and Production Forests. More than half of the Indonesian forest area is production forest and 87% is owned by the State.
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