- TIMBERBIZ.COM.AU - A La Une - 20/Aug 00:33

Projects across Australia announced for plantation establishment program

Fifteen new projects worth a combined $19 million and spread across NSW, Western Australia, Tasmania, Victoria and the Northern Territory have been announced in Round 3 of the Support Plantation Establishment Program. Source: Timberbiz “From expanding Australia’s future wood supply to meet increasing demand, to helping grow a skilled and sustainable workforce, the Albanese Labor Government is investing $300 million into the long-term future of Australia’s forestry sector,” Minister for Agriculture, Fisheries and Forestry Julie Collins said. The funding will bring the total number of new hectares planted under the program to around 25,000 hectares. Total funding under the $73 million SPEP arrives in at over $46 million to date. “From expanding Australia’s future wood supply to meet increasing demand, to helping grow a skilled and sustainable workforce, the Albanese Labor Government is investing $300 million into the long-term future of Australia’s forestry sector,” Minister Collins said. Deputy Chief Executive Officer of AFPA Richard Hyett said that over the past decade, the AFPA and the broader industry had advocated for government initiatives to assist in growing more production trees for Australia’s future and to meet future demand. He said that at the 2022 Federal Election both sides of federal politics committed to what is now the SPEP to encourage more production plantings. “We expect global demand for timber and wood-fibre to quadruple by 2050, and we must make sure that Australia has the sustainable resource growing in the ground to service our own needs as governments seek to decarbonise the economy, but also potentially to help the world with its growing demand,” he said. “A big thank you to Minister for Agriculture, Fisheries and Forestry Julie Collins who has championed our industry’s causes and understands the importance of sustainable timber and wood-fibre resources for the climate, environment, to support our full supply chain and for essential consumer markets.” Mr Hyett said that while the SPEP had some way to go before all funds were exhausted, the AFPA would continue working with the Federal Government to secure further, ongoing funding to support plantation expansion over the next few years. “We know that increased use of timber and wood-fibre in the economy is essential for Australia and the world to meet emissions reduction targets and a steady supply of sustainably sourced timber and wood-fibre resource is essential to make that happen,” he said.