Timber Development UK supports Broader Market Recognition at COP27

At COP27 on Wednesday 16 November, TDUK presented as part of a high-level event at the Indonesian Pavilion, to support “Creating Incentives through Broader Market Recognition of National Systems”. As the private sector, TDUK advocates that good forest governance must be supported with strong market incentives, and the Broader Market Recognition Joint Declaration, which was launched as part of this event, has TDUK’s full support.

The 2022 United Nations Climate Change Conference – COP27 – was held from 6 November until 18 November in Sharm El Sheikh, Egypt. The conference once again brought countries together to take action toward achieving the world’s collective climate goals and to build on the outcomes and momentum of COP26 last year in Glasgow.

The tropical timber and forest sector has a key role in achieving forest management and conservation goals and requires the private sector, governments, and civil society to come together to promote governance and sustainable management of resources.

At COP26, the Timber Trade Federation (now Timber Development UK) launched the Tropical Timber Accord “Global Forests need Global Governance” – a new proposal to tackle illegal deforestation and strengthen legal governance frameworks in tropical forest producer countries and within international timber supply chains.

Over the past two years, Timber Development UK has run workshops with producer nations to develop the concept and principles for a global network of national forestry standards. Working with Indonesia, Ghana, and other tropical timber producer nations, the principles for a global national network of national standards in these countries that can be recognised by other systems around the world, have now been laid out in a joint statement calling for “Broader Market Recognition”.

In April this year, they called for individual country trade associations to volunteer to become part of a proactive working group to support and inform the role of an interim secretariat.  Timber Development UK continued to support the working group throughout 2022 which includes representatives of government, civil society, and the private sector from Indonesia, Ghana, Guyana, Cameroon, the Republic of Congo, and Liberia.

At COP27 on Wednesday 16 November, TDUK presented as part of an event at the Indonesian Pavilion “Creating Incentives through Broader Market Recognition of National Systems”. As the private sector, TDUK advocates that good forest governance must be supported with strong market incentives, and the Broader Market Recognition Joint Declaration, which was launched as part of this event, has TDUK’s full support.

The declaration will form a coalition of government, private sector, and civil society from tropical timber producer countries to commit to developing an international framework to drive transformative change in the forest sector by rewarding good governance with strong market incentives. It will build the capacity of law enforcement and product traceability, encourage consumer markets to adopt policies and regulations that promote responsible trade, and incentivize countries to implement effective forest governance by giving them a green lane to international markets and trade. It will also recognise the importance of small and medium-sized enterprises and give them international investment and support to grow.

This is the timber industry taking responsibility towards the forests that provide the timber and ensuring that those forests and the communities that rely on them are protected by enforced and supported legal governance frameworks in each of the countries where those forests exist.

Timber Development UK is proud to support the Broader Market Recognition Joint Statement.

 

Click here to read the Broader Market Recognition Joint Statement.

Click here to watch the “Creating incentives through Broader Market Recognition of National Systems” at COP27 with Timber Development UK presenting their support.