The Commission's recommendations aim to shift the country's response to wildfire from a reactive to a proactive position, with a focus on resilience and sustainability.
Forestlands
USDA Forest Service selected 385 grants proposals to plant and maintain trees, combat extreme heat and climate change, and improve access to nature in cities, towns, and suburbs.
Investors represent sovereign wealth funds, public and private pensions, insurance companies, and family-owned wealth management interests from the United States, Europe, and Australasia.
Spray Lake Sawmills has an annual lumber capacity of 155 million board feet and holds two Forest Management Agreements granted by the Government of Alberta with a total Annual Allowable Cut of approximately 500,000 m3.
However, securing an adequate supply of raw materials poses a significant challenge. The most substantial hurdle lies in Götaland, already grappling with a severe wood shortage.
This is Nomura’s first investment into a forest fund managed by New Forests Pty Limited. New Forests is the second largest unlisted forestry asset management company in the world and the largest one in Asia Pacific.
Closing of the transaction keeps Domain Timber Advisors on track to achieve a projected 75 sales in 2023, comprising more than 17,500 acres from a total inventory that exceeds 254,000 acres.
The tree planting efforts will focus on expanding forest cover in Prince Edward Island (P.E.I.), as well as restoring areas damaged by Hurricane Fiona.
For the period January to July, the area of applications for the permits for final felling within montane forests have reached 9,725 hectares.
The properties were acquired earlier this year and sold via an unsolicited, off-market process.
The cumulative wood removal volume for the first half of the year, spanning from January to June, amounted to 30.3 million m3.
The surge in economic activity and housing will be driven by pent-up housing demand and low inventories.
This funding will support 34 projects aimed at preserving over 245,000 acres of working forests crucial to rural economies in 22 states and one island territory.
Under the updated regulations, forest licence holders will be required to publish forest operations maps, providing the public with valuable information on proposed cutblocks and roads.
The new AAC for this TFL is 642,800 cubic metres, a 19% decrease below the previous AAC.
Memorandum of Understanding enhances resource sharing and cooperation in the face of escalating wildfire threats.
The real price of pine pulpwood reached its highest level in the monthly statistics since they began in 1995. The trade volume of industrial roundwood purchased from private forests in Finland in May increased 53% compared to the average volume recorded over the past five years.
The costs of both regeneration felling and thinning are now at their highest level since 1996.
The longleaf pine ecosystem, which historically covered a large portion of the Southeastern U.S., requires regular fires to maintain biodiversity and reduce flammable underbrush.
The jury also found PacifiCorp liable for the destruction of nearly 2,500 additional properties, potentially resulting in damages exceeding $1 billion.