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Report: Asias forests face threat

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Report: Asias forests face threat

A shortage of wood to fuel growing demand from pulp and paper mills worldwide is forcing some companies to tap illegal sources while others are clear-cutting tropical forests, a leading conservation group charged Thursday.

In an eight-year study, the Indonesia-based Center for International Forestry Research, or CIFOR, also found that international investors have sunk US$40 billion (euro31.3 billion) worldwide into financially risky and environmentally destructive projects with little concern for their sustainability.

Financial institutions have shown a surprising lack of interest in understanding how the pulp companies requesting loans are going to get all this cheap wood, said David Kaimowitz, director general of CIFOR.

In reality, some of these mills have vastly overestimated whats legally available from timber plantations, he said. So the only way they can meet production targets is through unsustainable logging of natural forests or by shipping in wood from distant sources at a much higher cost.

More: edition.cnn.com

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