Trees and the laws of supply and demand

Written by Corporate Knights

Worldwide, Interpol and the United Nations Environment Programme estimate the value of the yearly trade in illegal harvested timber at between US$30 billion and $100 billion, or 10-30% of global wood trade.

About 7.3 million hectares of forest – an area the size of Panama – is lost every year to deforestation, according to the UN’s Food and Agriculture Organization. At the current pace, the Earth’s tropical rainforests will be gone within the next century.

The demand side

An alternative development model is clearly needed for countries like Papua New Guinea (PNG) that struggle with rule of law and corrupt

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By Corporate Knights

Corporate Knights Inc. (CK) includes the award-winning business and society magazine Corporate Knights, as well as a CSR research division which produces corporate sustainability rankings, research reports and financial product ratings based on corporate sustainability performance. Its best-known rankings include the Best 50 Corporate Citizens in Canada and the Global 100 Most Sustainable Corporations. In June 2013, Corporate Knights was named “Magazine of the Year” by Canada’s National Magazine Awards Foundation.

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