Australian Timber firm wants to grow profit from living trees

  • 12/12/1998

  • Asian Wall Street Journal (Hong Kong)

State Forests of New South Wales, a state government-owned plantation concern, plans to make its trees more profitable alive than dead. The company is working with the Sydney Futures Exchange to launch the world's first carbon credits trading market. The future for the timber industry lies in getting business to invest in planting trees in order to earn environmental credits, says State Forests' Chief Executive Officer Bob Smith.