Local communities "should benefit more" from forests

The forest sector is a very practical investment that can reap rewards for both governments and those living near the forests according to a new report from the International Union for Conservation of Nature.

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“The Value of Investing in Locally Controlled Forestry” was released Monday at a meeting on the International Year of Forests at the UN. Lucy Emerton, who wrote the report, says the private sector has been investing in forestry and reaping the rewards for years, now it’s time for the public sector to do the same.

“Particularly what we’re concerned about is locally controlled forestry, putting local communities in charge of their forests. We have, as compared to that $150 billion a year of private funds; we have about $12 billion dollars a year being sunk into the forestry sector from public investors. A tiny fraction, probably much less than 10% of that is going into locally controlled forestry.”

Emerton calculates globally the economic benefit to local communities that are given control of their forests to be $130 billion dollars a year.

duration: 29″

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