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Accountancy firm says Canadian forestry must think green
08/01/2010
A report from PricewaterhouseCoopers, the accountancy giant, suggests that the Canadian forestry industry needs to focus on long-term money-generating goals in order to thrive in the future.
The report suggests that focusing on making products for the growing market for environmentally friendly goods is the way forward. In other words, forestry managers need to ensure their forests are sustainable.
Looking into new money-generating opportunities like supplying wood for the production of bio fuels and other renewable sources of energy is another option open to Canadian forest managers. Another option is exploiting the fact that trees are set to become more valuable as a result of their role in reducing climate change.
Forests are a major source of carbon dioxide absorption and, as a result, are vital in the control of climate. In this way, countries that have large areas of forests may be able to trade these ‘carbon credits’ for emissions.
PwC’s leader of its forest, paper and packaging practice, Bruce McIntyre, says that overall, the future of Canadian forestry relies on "reduced costs and enhanced revenue streams resulting from new or alternative uses of fibre and biomass."
The report suggests that focusing on making products for the growing market for environmentally friendly goods is the way forward. In other words, forestry managers need to ensure their forests are sustainable.
Looking into new money-generating opportunities like supplying wood for the production of bio fuels and other renewable sources of energy is another option open to Canadian forest managers. Another option is exploiting the fact that trees are set to become more valuable as a result of their role in reducing climate change.
Forests are a major source of carbon dioxide absorption and, as a result, are vital in the control of climate. In this way, countries that have large areas of forests may be able to trade these ‘carbon credits’ for emissions.
PwC’s leader of its forest, paper and packaging practice, Bruce McIntyre, says that overall, the future of Canadian forestry relies on "reduced costs and enhanced revenue streams resulting from new or alternative uses of fibre and biomass."
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