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Surging Russian Plywood Imports, Shuttered U.S. Sawmills, and the Cost of Inaction

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11 Sep, 2024

This post was originally published on Healthy Forest

Two-and-a-half years after Russia’s invasion of Ukraine, you may be surprised to learn manufactured wood products constitute over 50% of the trade between the United States and Russia in 2024.

As American sawmills in the West close their doors, Russian plywood imports are surging into U.S. markets. According to Wood Central, Russian plywood imports have jumped 53% in recent months.

While the United States struggles with a national wildfire and smoke crisis, Russia has become one of the primary suppliers of so-called “Blood Timber.” This influx of Russian timber is occurring despite sanctions on many Russian exports due to the Ukraine war. Environmental and trade experts warn that American reliance on Russian timber may inadvertently support Russia’s ongoing conflict.

Here at home, decades of anti-forestry obstruction and environmental litigation have delayed responsible forestry practices, leaving U.S. forests vulnerable to wildfires. As a result, wildfires are becoming more frequent and severe, decimating landscapes, destroying homes, and polluting the air across the West. With millions of acres burning each year, the impact on communities is devastating.

Proactive and science-based forest management can help reduce these risks, while providing wood fiber to make things we use everyday.

The consequences are clear: while America fails to manage its forests, wildfires rage, sawmills close, and foreign entities profit. If current trends continue, communities will remain at risk, forests will burn, and American jobs will be lost—all while Russian oligarchs continue to benefit from the U.S. plywood trade.

Now is the time to push for responsible forest management policies, revitalize domestic timber production, and reduce reliance on foreign imports to protect both American jobs and our environment.

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Source: Healthy Forest

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Government consulting on sustainable investment labelling

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The Australian Government is starting consultation on sustainable investment product labelling, which is designed to give investors more confidence to put more capital to work in sustainable products.

The federal government said the release of this paper is a key step in implementing its Sustainable Finance Roadmap — designed to help mobilise the capital required for Australia to become a renewable energy superpower, modernising the financial markets and maximising the economic opportunities from net zero.

This consultation paper seeks views from investors, companies and the broader community on a framework for sustainable investment product labels.

These labels are designed to help investors and consumers identify, compare and make informed decisions about sustainable investment products to understand what ‘sustainable’, ‘green’ or similar words mean when they’re applied to financial products.

The government said a more robust and clear product-labelling framework will help investors and consumers invest in sustainable products with confidence and help tackle greenwashing.

This phase of consultation will run from 18 July to 29 August and help the government refine its design principles for the framework.

The consultation paper is available on the Treasury consultation hub.

Image credit: iStock.com/wenich-mit

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