World's Forest Impacted by the Financial Crisis

Written By: Liwin Troy Lee

The United Nations "State of the World's Forest" reports finds the financial crisis has had an impact on the world's forest. According to their findings, they found that the global turmoil has caused an reduced demand in wood and as a result has caused a shrinking investments in forest. UN Food and Agriculture Organization states that stronger forest management and larger investments in science and technology are needed to handle the financial crisis and the climate change. Furthermore, the report states that the economic downturn could lead the stop of green policies and defer policy decisions related to climate change.

A Separate report found by the UN Food and Agriculture Organization found that there are opportunities that come from the current crisis. The report finds that increased attention to "greener development" could lead to the development of the forest sector. Some actions could be "planting trees, increased investments in substainable forest management, and active promotion of green building practices and renewable resources." The impact of this found by the report is that 10 million new jobs could be created. The benefits of this is it can decrease poverty while helping the environment.

Sources:

Economic crisis hurts world's forests, too:UN
UN:Financial Crisis Puts Pressure on World's Forests
UN Report: Global Financial Crisis Endangering Forests World Wide