FOR IMMEDIATE RELEASE
FRA gets behind World Bank's support of Forest Fire Action
The World Bank has announced that it will be funding the Russian federation's attempts to
prevent forest fires, with a cash injection worth a staggering $40 million. The move has been
welcomed by FRA.
Seattle, United States, October 6, 2012 -- The World Bank has announced that it will be funding
the Russian federation's attempts to prevent forest fires, with a cash injection worth a staggering $40
million. The move has been welcomed by Forestry Research Associates (FRA).
The co-finance deal will take the form of a loan, that will contribute to Russia's $121.26 million Forest
Fire Response Project. The forest fire prevention project is run by the Federal Forestry Service and
the Ministry of Natural Resources and Environment in an attempt to reduce the number of
devastating forest fires that threaten Russia's valuable forests.
Some 20 per cent of the world's forests are to be found in Russia and every year, around 1.4 million
hectares are affected by forest fires. It is thought that around 93 per cent of these forest fires are
started by humans. The investment will help the Forest Fire Response Project to monitor the
problems, help identify and extinguish fires and reduce the number being started in the first place.
"This investment shows the World Bank's commitment to safeguarding the future of the forestry
industry in Russia," stated FRA's analysis partner, Peter Collins.
"Sustainable forestry is not only a major source of employment and income for communities all over
the world, but also provides a huge amount of the world's oxygen and carbon absorption. Without
trees, we would simply not be able to live," added Collins.
FRA supports sustainable forestry in all its forms and is particularly keen to promote investment in
plantation projects that run on a cyclical model, which ensures that trees are always growing to
replace those felled.
"Sustainability is the key to any successful managed forestry project, in our opinion," added Mr
Collins. That's why we support Greenwood Management's eucalyptus, teak and acacia plantation
investment projects in Brazil. These forestry investment projects are a great way for investors to
diversify their portfolios."
About Forestry Research Associates
Forestry Research Associates is a research and advisory consultancy that focuses on forestry
management, sustainability issues and forestry investment around the globe.
Forestry Research Associates
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