Front Porch Blog

World Bank says illegal logging costs US$10 billion-a-year

[ Thailand ] The illegal cutting of forests worldwide causes US$10 billion-a-year in losses and undermines a country ‘ s attempt to achieve sustainable economic growth, the World Bank said in a report released Saturday, September 16. The report said governments in recent years have begun to openly address the problem, but it singled out 17 countries where illegal logging has thrived from 2000 until 2004. Nearly two-thirds of those countries had illegal logging rates above 50 percent, including Indonesia , Papua New Guinea , Peru and Bolivia which had rates above 80 percent.

News notes are courtesy of Southern Forests Network News Notes





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