According to the United Nations, global demand for wood is expected to triple by 2050.
Demand for building timbers and pulpwood is rising internationally. New markets are also emerging in the biomass energy generation market, further increasing the overall global demand for timber products and increasing forest values in Tasmania.
To meet this demand Tasmanian industry is at the forefront of collaboration and innovation. The Tasmanian Government is providing the framework to support projects, offering new processing and management options for Tasmanian wood.
Industry is also moving to divert some wood volumes which is currently exported into domestic processing of massive timber (Cross Laminated Timber and Glu-Lam), veneer, wood pellets and bioenergy.
In addition to wood products, the industry is at the forefront of the development of innovative new uses for wood such as pharmaceuticals, food additives, clothing, and environmentally friendly chemicals.
A key part of the Tasmanian Government’s framework to drive the use of wood is the Wood Encouragement Policy. The policy encourages the use of wood, including for biomass heating and associated energy generation for all Tasmanian government building projects and was the first such policy implemented by an Australian state government.
This approach, which is consistent with the views of international experts, is that active forest management and the use of timber in long-term products can play a critical role in our overall carbon pollution reduction strategy.
Timber is the only major building material that helps tackle climate change. It is both naturally renewable and an abundant resource. Natural forests and timber plantations are net absorbers of greenhouse gases, wood products store carbon and substitute other carbon emissions intensive products, such as steel and concrete.