The three nations met at the Fifth Trilateral Summit Meeting over the past two days. They each signed an agreement to try to increase sustainable forestry management in their countries in a move that will help to bring down their carbon emissions as additional trees means more CO2 being absorbed from the atmosphere.
The joint statement of cooperation will ensure that all three nations take the conservation and management of sustainable forests seriously and as part of their wider environmental goals. The statement made by the three countries stated: ‘We, the leaders of the People's Republic of China, the Republic of Korea and Japan, recognizing that the realization of economic, social and environmental benefits of forests is one of the important means to achieve the Millennium Development Goals (MDGs) given the renewable, diverse and multi-functional nature of forests.’
They added, ‘We recognized that sustainable forest management is the perpetual theme in ecological improvement and the pursuit of sustainable development, and facilitates efforts to tackle climate change, conserve biodiversity and promote green growth among the three countries.’
FRA, which supports the sustainable management of forests and investment in managed forestry projects such as those run by Greenwood Management in Brazil. The organization's analysis partner, Peter Collins, stated, “We welcome the news of the this new agreement.”
FRA has long been an advocate of viewing forests as valuable when they are standing as well as when they are harvested and made into timber products. “What countries all over the world are beginning to realise is that trees hold a financial value when they are standing and forming part of a forest due to their carbon absorption qualities. This could soon be worth more than the timber products they could be chopped down to make,” added Mr Collins.
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