How a wood processing business that used to use up to 80,000 tonnes of timber a year has seen its production surge by a third in the past five years, and is now exporting an average of 60,000 kilograms a year.
The industry is still struggling to recover from the impacts of climate change, but now a new initiative is helping to make the business sustainable and competitive.
In 2017, the timber industry’s annual turnover in Australia was estimated at $8.7 billion, but with the climate change impact on the industry projected to triple by 2050, the industry is facing a double whammy.
The most significant challenge facing the industry today is climate change.
The industry’s largest customers are Australia, the United States and Europe.
And this is where the Timber Processing Industry’s new Global Change Adaptation and Management Program (GCAM) comes in.”GCAM is a program that’s developed by our industry and the Queensland Government to give our customers the ability to take action to make sure they can still be successful in a changing world,” said Dr Sarah Wood, chair of the Timber Processors Association of Queensland.
“This includes making sure we can still produce timber that’s sustainable and that has good quality and that can be exported to markets around the world.”
For the first time in its history, the program is being expanded to include more countries and regions to help address global challenges.
Dr Wood said the program was launched last year and has already brought in $3.5 million in funding.
“We’re now looking at the potential of the program to be $10 million by 2020, so we’re looking at potentially up to $25 million of funding over the next two years,” she said.
The program has the support of the Australian Government and is a key part of the Queensland’s government’s efforts to support the timber processing industry.
“For many years, Queensland’s timber industry has been struggling to adapt to climate change and to cope with the effects of climate changes on the forest and the timber sector,” Ms Wood said.
“Now we’re seeing a much more competitive, competitive and sustainable industry that’s using more sustainable technologies and a different approach to timber processing and exporting.”
The timber industry is struggling to make ends meet, and the program has helped it overcome the challenges.
The new program has brought in about $3 million in support.
“It’s been very challenging and it’s been challenging, but we’ve managed to do it,” Dr Wood said of the success of the project.
“The Queensland Government is really supportive of our efforts and we’ve also managed to create opportunities for our business and our industry in the Queensland forest.”
I’m sure this is going to have an impact on many other industries, not just the timber industries, but the broader timber sector and ultimately the economy of Queensland.
“The Timber Processing industry will continue to grow in the years ahead, but Ms Wood warns that there is still a lot of work to be done.”
Hopefully this program will be a catalyst to other industries to be proactive and invest in their future and take the steps necessary to make a long term sustainable future for the industry,” she told 7.30.
Topics:climate-change,environment,environmental-impact,business-economics-and-finance,environment-management,environmentaustraliaFirst posted April 11, 2020 09:32:46Contact Lisa StirlingMore stories from Queensland