UNLOCKING THE FULL CLIMATE POTENTIAL
OF FORESTS AND
CLIMATE SMART FOREST ECONOMY PROGRAM (CSFEP)
To sustainably and responsibly unlock the full climate potential of forests and forest products.
To increase the use of climate smart forest products by catalysing market demand from
sectors that need rapid decarbonization, while meeting social and ecological safeguards.
To generate and disseminate knowledge, inspire and raise ambition of critical stakeholders from the public and private sector, and support initiatives that demonstrate how the Sink, carbon Storage, and fossil-carbon Substitution (3S) functions of forests and forest products can be maximized for enhanced climate, social and economic benefits.
WHAT IS A CLIMATE SMART FOREST ECONOMY?
The Climate Smart Forest Economy refers to a holistic approach for the forest and associated value chain management that maximizes climate and economic benefits while meeting social and ecological safeguards.
Building a Climate Smart Forest Economy can protect, maintain, manage, restore, and regrow forests, while assigning greater value to forests, creating further incentives for restoration and reforestation.
It offers an opportunity to decarbonize sectors that interface with forests through their value chains, such as construction. In addition to positive climate outcomes, this can result in substantial social
and economic benefits.
Construction is facing a massive industry boom, with ~2 billion m of new buildings needed every year until 2025 to accommodate population growth and increasing urbanisation rates.
Forests can solve a fourth of
climate change challenges alongside
decarbonisation efforts, but require
sustainable markets to provide
incentives to unlock more private
capital for responsible forest growth
With the building and construction sector responsible for 40% of global GHG emissions, the climate impact of
this could be catastrophic.
Although efforts to decarbonize
construction are ongoing, they are
likely insufficient to meet the scale
of this challenge.
Sustainable forest management
can create a $230 billion industry
and 16 million new jobs by 2030.
However, this economic capability
and full potential as a climate
solution is not well understood and
therefore, not realized.
A VISION FOR THE FUTURE
HEADING INTO THE FUTURE WITH BIO-BASED MATERIALS
Buildings are responsible for roughly 40% of global climate emissions. Population growth and rapid urbanisation are driving further growth of the global building stock, which is expected to double by 2050. Business as usual is not an option for realising that growth. Instead, an ambitious transition towards net-zero carbon, nature-positive, and circular building materials is required over this decade.
Along with efforts to decarbonize our built environments and reduce the impact of construction materials, one of the promising solutions for realising the transition towards a net-zero carbon, nature-positive built environment lies in the scaled-up use of sustainable mass timber. Indeed, innovative construction materials such as cross-laminated timber and glue-laminated timber can help substitute materials with a high-carbon intensity, sequester carbon in buildings (and upcycle at end-of-life), and contribute to increasing natural carbon sinks through reforestation and sustainable forestry practices for growing, managing and harvesting wood.
By acting and transitioning to nature-positive construction, cities can create jobs, boost their economies, and improve the health of their citizens. The challenge is achieving the right balance across the value chain and ensuring that safeguards are in place to protect other forest values beyond their value as a carbon sink. That is where our collaboration come in.
THE CLIMATE SMART FOREST ECONOMY PROGRAM (CSFEP)
Is a program from Climate-KIC, The Nature Conservancy, World Economic Forum, and
the World Resources Institute, with seed funding from Good Energies Foundation
and support from Dalberg Catalyst.
With seed-funding from: