Business News of Thursday, 1 September 2011
Source: GNA
Hohoe, Sept. 1, GNA - Rising demand for wood, the dominant form of renewable energy worldwide could lead to more acquisitions of land in developing countries, researchers at the International Institute for Environment and Development (IIED) had cautioned. In a paper published on Thursday and made available to the GNA by the researchers, said food insecurity was rising and land rights were also weak in developing countries, and cautioned that this new trend needs greater public scrutiny and debate. Wood accounts for 67 percent of global renewable energy supplies, and many countries in the global North are increasing their use of it, both to reduce their reliance on costly fossil fuels and to mitigate climate change.
Such countries are setting ambitious targets for using renewable energy, including biomass, but with demand for wood set to outstrip supply by up to 600 in the tropics, investors are beginning to look South. New tree plantations in developing countries that will be harvested to export wood could spell good news in terms of jobs, investment, climate change and conversation, if they are managed well. But there is also a risk that plantations will displace poor and marginalised communities from the land they have tended for generations but have no formal claim over. The paper, aimed at policymakers in both developed and developing countries, warns that rising demand for wood could harm food security and the livelihoods of the world's poorest and most vulnerable people if governments lease large areas of land for fuel wood plantations. "All eyes are turned to food and bio-fuels, but tree plantations for biomass energy may soon become an important driver in the global land rush," says Dr Lorenzo Cotula, a senior researcher at IIED and co-author of the paper.
Duncan Macqueen, also a senior researcher and co-author, added that: 93Wood is a vital renewable energy source, and countries in the South should develop it for local energy security, not export it to fuel Northern energy deficits at the expense of their own people." 01 Sept. 11