59th International Tropical Timber Council

The 59th International Tropical Timber Council (ITTC), an annual gathering focused on sustainable tropical forest management, concluded on November 17, 2023.

The Role of ITTC

The ITTC serves as the governing body of the International Tropical Timber Organisation (ITTO), dedicated to advancing sustainable management and conservation of tropical forests globally.

Decisions and Concerns Addressed

The council concluded its session with five key decisions, and the European Union expressed concerns regarding the state of the world’s forests in light of climate change and biodiversity.

Project Endorsements and Financial Approvals

During the session, participating countries endorsed eight projects related to sustainable forest management objectives. Additionally, a budget of $7.1 million for the financial year 2024-25 was approved.

Adoption of Work Programme for 2024-25

The council adopted the work programme for 2024-25, emphasizing collaboration with the Collaborative Partnership on Forests and other partners for implementation.

Trial Measure for Ineligible Members

A notable decision involved the approval of a trial measure allowing ineligible members to submit project proposals and concept notes. Ineligible members catching up on financial contributions can submit one project and concept note for every two years of arrears paid.

European Union’s Commitment to Sustainable Practices

The European Union, a significant consumer of timber, expressed its commitment to ensuring that its consumption does not contribute to the decline of forests, both within the EU and globally. The EU expressed readiness for cooperation and engagement with other countries and supply chains to address these concerns.

Month: Current Affairs - November, 2023

Category: Important Days & Events Current Affairs • International / World Current Affairs