Labor Government to invest A$300 in forest industry

Friday 6 Dec 2024

 
The Albanese Labor Government is continuing to deliver for the forest and wood products sector with the industry coming together in Hobart. Minister Collins joined the Forestry Industry Roundtable, hosted by the Strategic Forest and Renewable Materials Partnership, to inform the development of the Timber Fibre Strategy.

The Roundtable included representatives from the forestry sector, unions, and states and territories. The Timber Fibre Strategy will be an industry-led long-term plan for the future of the forest and wood products sectors.

The aim of the Strategy is to build a sustainable, world-leading forestry and wood processing sector that can help Australia achieve net zero and supply products that are in demand domestically and internationally.

This roundtable gives the forest and wood product industries the opportunity to discuss challenges and opportunities and have a say on policy solutions in the Timber Fibre Strategy.

“As a Tasmanian, I understand just how important Australia’s timber industry is to our economy and our environment, and I want to see it not only thrive, but continue to adhere to our high standards of sustainable forest management and production," said the Minister for Agriculture, Fisheries and Forestry, Julie Collins MP.

“Timber is a sustainable, renewable product that embeds carbon in products we need. I want to see our Australian timber play a bigger role in our domestic market, and strengthen our exports as well," said the Minister.

The Albanese Labor Government is investing A$300 million in the future of the forestry industry, which includes:
  • Over A$100 million for transformative research, development and innovation for the timber industry through Australian Forest and Wood Innovations
  • Over A$100 million to support the medium and long-term sustainability of our wood processing sector through the Accelerate Adoption of Wood Processing Innovation program
  • Over A$73 million to expand Australia’s future wood supply through the Support Plantation Establishment program, and A$10 million in the industry’s training needs through the Forestry Workforce Training Program
Source: Minister for Agriculture, Fisheries and Forestry


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