Online exchange for legal timber off to solid start


One year since its launch, the world’s first international exchange for responsibly logged timber has been used to sell two million cubic meters of wood out of a total of 18 million cubic meters on offer, says the organization that owns the Brazil-based exchange. The online exchange—launched in December 2016 by the BVRio Institute, an organization created by carbon-trading entrepreneur Pedro Moura Costa—aims to link eco-conscious buyers with responsible suppliers, and in the process undermine the global market for illegally cut timber. Called the Responsible Timber Exchange, it electronically links producers, exporters and buyers of legally produced wood throughout the world; but most of the transactions concern timber from Brazil. The first-year trading of two million cubic meters of... [Log in to read more]

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