The negotiations that remade the North American Free Trade Agreement were, as one participant put it, a series of “near-death” experiences. …In the years since the U.S.M.C.A was signed, Mexico and Canada have become America’s top trading partners. Millions of jobs depend on this economic alliance, which exceeds $1.8 trillion in trade. …Last week, Trump suggested that he would exit the U.S.M.C.A.: “We’ll either let it expire or, well, maybe work out another deal with Mexico and Canada.” Some observers discount Trump’s bluster as mere gamesmanship. …He returned to the White House on a promise to create jobs and lower prices—to make the country “boom like we’ve never boomed before.” Instead, tariffs are fuelling inflation, and many experts believe that it is only a matter of time before the economy starts hemorrhaging jobs. …As in the previous round of negotiations, time does not appear to be on Trump’s side.
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The latest Global Wood Trends report – Softwood Lumber – Tariffs, Turbulence and New Trade Flows to 2030 – says from 2000 to 2024, European lumber output grew slowly at 0.4% per year but still outpaced domestic demand growth. This allowed Europe to expand exports overseas, a trend likely to continue as Russian and Canadian shipments remain constrained. …Production has expanded faster than demand, with exports rising from 10% of output in 2009 to 19% in 2024. Growth has been concentrated in Northern and Central Europe — led by Sweden, Finland, Germany, and Austria — where harvest levels are now close to structural limits. …Global Wood Trends concluded that Europe’s lumber market is entering a period of tightening supply and gradually recovering demand. While production growth is expected to shift toward Northern and Eastern Europe, overall expansion will be limited by structural harvest constraints in Central Europe. Stronger domestic consumption, combined with potentially higher US demand will likely support higher prices for logs and lumber. 
Sweden’s Green Business Index declined in the fourth quarter of 2025 as forestry and crop farming weakened, according to data from the Federation of Swedish Farmers. The total index fell to 100.7 from 106.5 in the previous quarter, marking a broad slowdown across several agricultural industries. The forestry subindex recorded the largest fall, dropping by 19 points to 97.6, its lowest level since spring 2020. The decline reflects weaker export demand, lower prices for sawn wood and pulp, and a soft U.S. dollar that reduced export revenues. New tariffs on Swedish wood products to the United States and a slower global economy further limited profitability. LRF reports that sawmills and pulp producers have experienced tightening margins, while forest owners face lower returns and are reducing harvesting activity. 
Japan’s housing starts rose 3.2% year-on-year in October 2025, defying market expectations of a 5.2% decline and reversing a 7.3% fall in September. It was the first annual increase since March, driven by rebounds in rented units (4.2% vs -8.2%), built-for-sale homes (14.8% vs -8.3%), and prefabricated housing (9.2% vs -0.4%). However, weakness persisted in owned homes (-8.2% vs -5.6%), while issued units slumped sharply (-36.3% vs 53.7%) and two-by-four homes also turned negative (-3.8% vs 2.1%). [END]
MOSCOW — Russia’s forestry sector could face a deep contraction next year as sanctions tighten, interest rates remain high and the ruble stays strong, Deputy Industry and Trade Minister Mikhail Yurin said Thursday. Addressing a Federation Council committee, Yurin said the industry has entered a “downward trend,” with the worst-case scenario pointing to a 20-30% drop in output in 2026. The ministry expects already falling production to continue declining into 2027 if geopolitical conditions worsen, Interfax quoted Yurin as saying. According to the Economic Development Ministry, wood-processing is among the weakest performers in Russia’s industrial landscape. Output fell 4.3% in the third quarter and the slump accelerated to 7.8% in October. …He said Russian timber exports have fallen by more than 20% since before the war, from $12.5 billion in 2021 to to $9.8 billion. Logging volumes are expected to hit a four-year low of 182 million cubic meters this year.
B.C.’s largest-ever forestry trade mission to Asia
Reforms to Australia’s nature laws have passed federal parliament. A longstanding exemption that meant federal environment laws did not apply to native logging has finally been removed from the Environment Protection and Biodiversity Conservation Act. Native forest logging will now be subject to national environmental standards – legally binding rules supposed to set clear goals for environmental protection. This should be a win for the environment, and some have celebrated it as an end to native forest logging in Australia. But the reality is such celebrations are premature. We don’t have all the details of the new standards, or know how they will be enforced and monitored. Federal Environment Minister Murray Watt has told the forestry industry, including in Tasmania, that native forest operations will continue as usual. In an interview with ABC Radio Hobart, he said the changes keep day-to-day forestry approvals with the state government, but introduce stronger federal oversight.
The opening of IKEA in New Zealand comes as a rural community worries about the fire risk from pine plantations. Since 2020 IKEA has converted six Central Hawke’s Bay farms into pine forestry…This move, combined with the sale of [local] farms to overseas forestry companies, is sparking concerns from locals about the loss of farmland and the risks associated with converting large areas into pines. …Porangahau farmer James Hunter wants New Zealanders to witness the extent of farmland being planted in forestry. Most of IKEA’s 4300 hectares of forestry in Central Hawke’s Bay is near the village of Porangahau, where about 200 hectares of its pine trees went up in flames in October and took days to extinguish because of the high winds grounding helicopters. It’s fires like this that have rural communities on edge, because they say even if the blaze starts on nearby farmland, the forests contain the fuel that feeds them.
The total forest area in the world is 4.1 billion hectares, or 32 per cent of Earth’s total surface area. The tropics are home to the majority of the world’s forests – 45 per cent – while the rest is mainly found in boreal, temperate and subtropical zones. Since 1990, 489 million hectares of forest have been lost to deforestation… While the rate of deforestation is actually slowing, so is the rate of forest expansion, dropping from 9.88 million hectares per year from 2000-2015 to 6.78 million hectares per year in the decade to 2025. Below are the top five countries with the biggest forests as of 2025, according to forest area:
The European Parliament has approved measures to simplify the EU Deforestation Regulation adopted in 2023, which aims to ensure that products sold in the EU are not sourced from deforested land, according to the European Parliament. The new position grants companies an additional year to comply with the regulation. Large operators and traders must apply the obligations from 30 December 2026, and micro and small enterprises from 30 June 2027. The extension is designed to support a smooth transition and allow upgrades to the IT system used for electronic due diligence statements. Parliament agreed that the responsibility for submitting due diligence statements should rest with businesses that first place products on the EU market, not with later traders. Micro and small primary operators will now be required to file only a single simplified declaration instead of full due diligence reports.
The Arctic Energy Alliance and the Wood Pellet Association of Canada will co-host the Arctic Bioenergy Summit and Tour this January in Yellowknife—an emerging hub for northern renewable energy innovation. With the speaker roster nearly complete, Day 1 will set the tone with a deep dive into bioenergy’s role across Canada’s North, from evolving policy frameworks to community-led energy solutions. Sessions will explore regional strategies, technology developments, and bioenergy success stories, highlighting what’s working in remote and Indigenous communities and the lessons learned along the way. Speakers will also tackle supply-chain challenges, including logistics, fuel production and distribution, and the unique complexities of operating in northern climates. The program wraps up with a networking reception—an opportunity for delegates to connect, share insights, and build partnerships advancing sustainable energy in the Arctic and beyond.
Britain’s reliance on burning wood to generate electricity has reached record highs, even as the government moves to curb the controversial use of biomass power. The latest figures supplied by the owner of the giant Drax biomass plant in North Yorkshire have revealed that power generated from burning biomass wood pellets provided 9% of the UK’s electricity in July, its largest ever monthly share. Weeks later, biomass provided almost a fifth (17%) of the UK’s electricity for the first time during one morning in September when renewable energy resources were particularly low. Britain’s record reliance on biomass generation has reached new heights as the government set out its plans to dramatically reduce the controversial energy source under a new subsidy agreement with the FTSE 250 owner of the Drax power plant.
As he officially opened COP30, Brazil’s president, Lula Inacio da Silva said “the world will finally be able to say that it truly knows the reality of the Amazon”. …Last year the biggest cause of forest loss in the Amazon was fires, which were ignited to clear land for agricultural expansion or illegal mining. Despite a pledge made at COP26 in Glasgow in 2021 to halt and reverse deforestation by 2030, another 8.1 million hectares of forest were lost globally last year. Lula called for a consensus on a roadmap to deliver on the Glasgow deforestation promise. …But while more than 90 countries supported a deforestation roadmap, opposition from the likes of Saudi Arabia, Russia and India meant deforestation failed to make it to the final agreement, and COP president Andre Correa do Lago said Brazil would continue to work on developing one over the next year, to present at COP 31 in Turkey.
BRUSSELS — The European Commission has unveiled a new plan to end the dominance of planet-heating fossil fuels in Europe’s economy — and replace them with trees. The 
Africa’s forests have turned from a carbon sink into a carbon source, according to research that underscores the need for urgent action to save the world’s great natural climate stabilisers. The alarming shift, which has happened since 2010, means all of the planet’s three main rainforest regions – the South American Amazon, south-east Asia and Africa – are now part of the problem. Human activity is the primary cause of the problem. Farmers are clearing more land for food production. Infrastructure projects and mining are exacerbating the loss of vegetation and global heating – caused by the burning of gas, oil and coal – thereby degrading the resilience of ecosystems. …The worst affected were the tropical moist broadleaf forests in Democratic Republic of Congo, Madagascar and parts of west Africa. The study, 
In response to an article published by The Guardian regarding our Canadian sustainable biomass operations, Miguel Veiga-Pestana, Drax’s Chief Sustainability Officer, wrote this response: The environmental non-profit Stand.earth fails to see the wood from the trees when it comes to the Canadian forestry industry and Drax’s limited role within it (
A new 
