By / Tanuvi Joe
Covering over 30% of the earth’s land surface, the forests of the world are a significant natural resource for the planet and humanity. Their role in our wellbeing is endless. They help to store massive amounts of carbon, ensure the balance of nature, purify water and air as well as provide a livelihood for people across the world. Unfortunately, due to the ever-growing global forestry and logging industry, forests the equivalent of 30 soccer fields are disappearing every minute. What if there was a better way to do forestry? Below, we take a deeper look piece a the Japanese technique of Daisugi, a traditional way of logging wood while conserving forests.
According to estimates, the global forestry and logging industry was worth US$509.8 billion in 2019 and is expected to grow at a CAGR of 4% from 2021 eventually reaching US$544.2 billion in 2023. But this comes at a cost.
Since 1990, the area of primary forest globally has decreased by over 80 million hectares meaning that the net loss of forest area decreased from 7.8 million hectares per year in the 1990s to 4.7 million hectares per year during 2010–2020. To put it simply, between 1990 and 2020, the global forest area decreased by 178 million hectares, which is about the same area size as Libya.