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Market Beats 13
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in 2022. Broadleaf planting amounted to 51 percent of all “For decades, Canada’s forest sector and its workers have
UK tree planting. committed to sustainable forest management practices and a
The report found that land listed for sale which could offer focus on environmental stewardship – playing a proactive role
natural capital potential reached a massive £276m, up 241 in global dialogue and adhering to national and international
percent, dwarfng the land suitable for commercial forestry. emissions reporting standards that quantify forestry-related
England had the biggest market by value with £144.5m while climate and carbon impacts,” said FPAC president and CEO

Scotland had the most land available with 13,394 hectares. Derek Nighbor.
Prices were highest in Wales at £17,000 per hectare. “Our collective experience underscores the urgency of
Mixed woodland listings were down 18 percent at £15.8m proactive measures to mitigate wildfre risks and protect our
with a 14 percent fall in average price to £12,500 per hectare. people, communities, and critical infrastructure. As we come
England, while marked by a 45 percent fall in total value and off the worst fre season in our country’s history, the need for
a 48 percent drop in total area, saw a rise in the number of forestry solutions including the more active management of
listings (16) and a modest 5 percent rise in average value Canada’s forests has never been more important.”
to £17,300 per hectare. In Wales, listings rose from 3 to 10. The fndings of the report highlight that with the rapid
Average woodland values remained almost static in Scotland adoption of new technologies, appropriate investments and

and Wales at £9,500 per hectare and £9,600 per hectare new policies, Canada’s forest products sector could contribute
respectively. 18 to 46 million tonnes CO2e in emission reductions annually
“It is, after all, the industry’s commercial crop and the (relative to current emissions) by 2050.
workhorse of our timber industry,” the report said. “Given Climate-smart forestry practices will also make Canada’s
the urgent need to grow more UK timber – and meet climate forests more resilient and help mitigate the impacts of
mitigation obligations.” worsening natural disturbances, including increasingly frequent
and devastating wildfres.

Canada’s forest sector shares net-zero roadmap at Collaboration across the entire value chain, from the forest
COP 28 foor to product disposal at end-of-life and across other sectors
The Forest Products Association of Canada (FPAC) shared in will be required to ensure success, notes FPAC.
a press statement that at COP 28 in Dubai, Canada’s forest “The work of Canada’s foresters continues to evolve as
sector launched a national report at the Canadian Pavilion forest health and the safety of Canadians living in forested
outlining the contributions it can make towards reducing communities is increasingly challenged by worsening pest
emissions and combating the escalating impacts of natural and fre outbreaks,” said FPAC senior vice-president and chief
disturbances across the country. sustainability offcer Kate Lindsay.
FPAC explains that the report, Climate Change Mitigation in “The forest sector recognizes the importance of global

Canada’s Forest Products Sector: Roadmap Toward Net-Zero, pledges to advance climate action, halt and reverse deforestation
was developed in partnership with sustainability experts at the and land degradation, and promote sustainable sourcing.
Delphi Group and provides an actionable roadmap to help These efforts are part of a bigger international dialogue,
seize the benefts of climate-smart forestry, responsible forest and Canada must do this work in step with its international
management, and the use of carbon-storing wood products in partners. We are particularly pleased to see Canada and
the face of worsening natural disturbances including drought, 16 other countries sign on to the ‘Coalition on Greening
pest outbreaks, and wildland fre. Construction with Sustainable Wood’, under the Forest and