The World Bank forecasts that global timber demand will quadruple by 2050, driven by economic and population growth. Gresham House , the London-based specialist alternative asset manager, has a lower estimate but is still forecasting that global timber consumption will surge by 170% over the next 30 years, driven by urbanisation, decarbonisation and housing demand. It forecasts timber consumption will increase by 3.1% a year over the next 30 years up to 2050, up from 1.1% a year during the past 20 years. The vast majority of global commercial timber ...
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