It’s not behind a paywall. It doesn’t chase clicks. And it doesn’t try to be everything to everyone. Instead, it’s quietly become a daily habit for thousands across the forest sector—industry, government, First Nations, researchers, students, and retirees alike—all looking for a simple way to stay informed. What started as a small idea has grown into something much bigger than we imagined. Today, Tree Frog directly reaches more than 100,000 readers across BC, Canada, the US and beyond, with thousands more picking it up through company circulations, association newsletters, and even university classrooms. In many ways, it has become shared infrastructure for the sector—a common starting point for understanding what’s happening and why it matters.
But like many things that are widely used, it can be easy to assume it will always just be there. Tree Frog has remained free and open-access by design. We’ve always believed the sector is better off when information flows easily—when a student can access the same news as a CEO, and when smaller operators have the same visibility as larger ones. That only works, however, because a portion of the organizations and individuals who rely on it choose to support it. And in a year when the forest sector is facing real challenges, that support matters more than ever. To those organizations already supporting Tree Frog—thank you.
If Tree Frog is something you or your organization rely on, we’d encourage you to consider being part of that support—whether as a sponsor, a Friend of the Frog, or simply by spreading the word. Even small steps help ensure we can continue delivering this service in its current form. Either way, we’re grateful you’re here and part of the community.
SALMON ARM, British Columbia — Forsite Consultants Ltd. today announced the launch of 
Mercer International’s bonds slumped after it sought to ditch rules requiring equal treatment for all creditors — a move that would give the struggling pulp producer the power to pick and choose which lenders to favor in a restructuring. The company asked owners of its bonds due in 2028 and 2029 to remove a provision that forces it to pay all lenders equally when it seeks to strike a debt deal, according to people familiar with the matter who asked not to be identified discussing private information. Separately, a group of Mercer’s creditors has organized in anticipation of debt talks with the company and plans to sign a cooperation pact binding them to act together. …Mercer is grappling with weak earnings and dwindling cash flow that’s left it struggling under the weight of its debt, which stood at about $1.6 billion at the end of last year. S&P Global Ratings downgraded the firm to CCC+ in February.
Rising tensions between the United States and Iran are creating mounting challenges for recycled paper mills across the Gulf region, known as the GCC. The sector is heavily dependent on imported recovered paper, particularly OCC (old corrugated containers) and mixed waste paper from Europe, the United States and Asia. Geopolitical instability has led to higher freight costs, increased insurance premiums and growing uncertainty in supply chains. Although local waste paper collection remains relatively stable, the unpredictability of imports has made procurement strategies more complex. Delays and disruptions in shipments risk directly affecting production. At the same time, the cost of key inputs is rising. Prices for chemicals, starch and spare parts are increasing due to logistical bottlenecks and delayed deliveries. …Despite these pressures, the market outlook in the Middle East remains relatively stable in the short term. …However, prolonged geopolitical uncertainty could gradually dampen industrial activity and consumption.
Global trade is being reshaped by escalating tariffs and geopolitical tensions, with the Nordic and European forestry industries directly affected. During 2025 and 2026, the United States introduced a series of trade measures that are altering the conditions for exports of timber, paper and pulp. …At the same time, the US has imposed steep tariffs on several major trading partners. Canada faces tariffs of 35%, although some products covered by the USMCA agreement are exempt. Brazil is subject to tariffs of up to 50% on paper and paperboard, while China continues to face high tariff levels. …Even where products are exempt from tariffs, trade is affected by higher supply chain costs, currency fluctuations and weaker demand. There is also a risk of trade diversion. If Canadian or Brazilian exporters face higher tariffs, they may redirect volumes to other markets, increasing competition in Europe. The broader trend points to a more fragmented global trading system.
Russia’s forest industry warns that up to 50% of companies could shut by the end of 2026 as lower export prices, higher transport costs and a strong ruble push producers deeper into losses. Regional lawmakers and industry participants ask First Deputy Prime Minister Denis Manturov to approve a three-year moratorium on creditor-initiated bankruptcy cases in the sector, along with tax deferrals and a pause on debt collection for liabilities accumulated by January 1, 2026, Russian Kommersant newspaper reports, citing a committee of the Arkhangelsk regional assembly. The draft says even large companies in the region have exhausted their financial reserves, are operating at a loss and are starting to miss tax and other mandatory payments. It puts total sector losses over the past three years at more than 15 billion rubles. State support for exporters also drops sharply, with compensation for forest export costs falling from 7.6 billion rubles in 2023 to 550 million in 2026.
If the US-Israeli ceasefire with Iran holds, it could offer the clearest hope of an end to the energy crisis since Iran’s Revolutionary Guards assumed control of the strait of Hormuz. …Even if the temporary detente manages to hold and hundreds of tankers stranded in the Gulf start to transit once more, analysts fear that will not be enough to return the flow of oil, gas, chemicals and other vital items to pre-crisis levels. An estimated 2,000 vessels have been trapped in the Gulf. …Shipping analysts predict operators will gain confidence once a ship owned by a large European company has safely made the crossing. However, they caution that it is a different matter for empty ships to decide to enter the strait to load up at the region’s ports, and it is unclear when this may start to happen. …Experts have said it could take months or years to fully restore the Gulf’s energy production.
Highly exposed to energy costs, today’s unpredictable global trade politics and the crisis in the Middle East are impacting the pulp and paper industry in many ways. These developments will certainly be reflected at Pulp & Beyond 2026, the leading forest-based bioeconomy event in Northern Europe, taking place on 15–16 April 2026 at the Helsinki Expo and Convention Centre in Helsinki, Finland. However, the main theme of this year’s event—focusing on the role of artificial intelligence in process industries, innovation within the forest sector, and the future of the bioeconomy—was defined before the Middle East war broke out, along with the subsequent oil and gas crisis, turbulence in global stock markets, and the growing risk of an unprecedented global recession. 
Higher inflation and weaker growth ahead are inevitable for the global economy as a consequence of the Iran war, the head of the International Monetary Fund warned on Monday as the institution prepares to cut its forecasts. “All roads now lead to higher prices and slower growth,” IMF managing director Kristalina Georgieva said Monday night. Before the war, the IMF anticipated issuing a small upgrade on its outlook for global growth of 3.3% in 2026 and 3.2% in 2027, according to Georgieva. But those expectations have since been upended as the Iran conflict has sent shockwaves through the global economy that are unlikely to unravel anytime soon, even if the war is brought to a rapid resolution. …“Directionally, it is stagflation,” said Mark Zandi, chief economist at Moody’s Analytics. “It’s higher inflation and weaker economic growth that is the result of policy — tariff policy and immigration policy.”
The landscape of the United States wood products industry in 2026 is being shaped by evolution from commodity lumber toward high-performance engineered wood systems. …While traditional sawmills have faced a turbulent consolidation period, the emergence of mass timber, specifically glulam and cross laminated timber, have created a high-growth sector that is increasingly more independent from the traditional volatility of the single-family residential market. …On the supply side, the wood industry is navigating a period of restructured supply and capacity following a series of significant mill closures in recent years. …Looking ahead to 2027 and beyond, as new mills come online, the industry is poised to move engineered wood products and mass timber from a niche specialty to a standard building practice. The core business challenge for the next 24 months will be the development of a more robust domestic supply chain that can support American builders amid logistics disruptions. 
Japan’s 
The UK construction sector is being encouraged to increase its use of homegrown timber, as industry experts highlight the benefits of locally sourced materials over imports. Despite the availability of sustainable domestic options, nearly 80% of timber used in the United Kingdom continues to be imported. This reliance is now being questioned across the supply chain. …A key issue raised within the sector relates to timber grading. Architects and engineers frequently specify higher grades such as GL28 or C24 without fully assessing project requirements. This trend has developed due to historical dependence on imported Scandinavian timber, where C24 is the standard grade. In contrast, the most common grade produced in the UK is closer to C16. This mismatch has led to inefficiencies. British timber is often overlooked. Specifications are sometimes made without full evaluation. The ‘Trust UK C16’ campaign is aiming to address this imbalance. 
DENMARK — The timber industry is intensifying efforts to expand the use of wood in construction, with a new action plan aiming to raise its market share to 20% by 2030. Launched under the “TiB 2.0” initiative by industry body Træ i Byggeriet, the strategy seeks to accelerate adoption by addressing key barriers, including restrictive building regulations, entrenched industry practices and limited knowledge of wood’s capabilities. Lauritz Rasmussen, head of the organisation’s secretariat, said the initiative builds on growing interest in timber as a sustainable building material but acknowledges progress has been too slow. He stated that “all reason dictates that we should use more wood for the climate, the environment and for the qualities for which wood is recognized”. The plan focuses on increasing visibility, improving documentation and promoting knowledge-sharing to influence decision-makers. Leadership changes also form part of the strategy, with Per Thomas Dahl of CLT Denmark appointed as the new chairman.
The construction industry is a major contributor to greenhouse gas emissions, mostly due to conventional materials production. Because of this, there is an urgent need for sustainable alternatives. Bio-based materials offer a promising alternative but remain underutilized. This study examines wood to derive insights that could support the broader adoption of bio-based alternatives. This research explores the systemic drivers and barriers to the diffusion of wood through interviews with key actors. A system dynamics model is developed to capture the main factors affecting wood diffusion and their interdependencies. …It shows that successful diffusion requires systemic innovation, necessitating collaboration across the ecosystem. This systemic analysis offers important insights for other bio-based materials, which differ in resource availability, applications, and production cycles, but face similar barriers such as workforce shortages, scalability, and societal acceptance. Overcoming these barriers requires targeted trainings and supportive policies. 
TOKYO — Leaders from the global forestry sector met last week in Tokyo to advance the 
It’s a well-established fact that forests and water are deeply connected. For decades, paired-watershed experiments have shown that when we lose forests, the total amount of water flowing through our rivers tends to rise. But a critical question has remained unanswered: does this extra water come from previous reserves, or is it simply “new” rain that the land is failing to hold? Is forest loss causing our watersheds to lose their internal integrity and leak like a sifter? Our recent study at the University of BC analyzed 657 watersheds across the globe. By using a tool called the Young Water Fraction, we found that forest loss significantly accelerates how fast precipitation travels through a landscape. We estimate that for every 1% of forest lost, the “young water” in our streams increases by about 0.17%. Crucially, our research reveals that… the way we arrange forest patches can either aggravate or mitigate this leakage.
Tropical forests span 1.6 billion hectares of Earth. …But over the past two decades, an average of 10 million hectares of these forests have been lost each year, according to the United Nations Environment Programme, affecting the ecosystems and communities that depend on them. NASA scientists recently developed a new method for tracking tropical forest loss that delivers deforestation alerts more than three months faster than current methods. Although the technique was designed for the Amazon rainforest, data from a recently launched satellite are expected to expand its application globally. …To address Landsat’s cloud challenge, researchers at NASA’s Marshall Space Flight Center tuned into a different wavelength. Led by Africa Flores-Anderson, associate program manager for NASA’s Ecosystem Conservation Program, the team piloted a system for the Amazon that combines existing satellite-based approaches with cutting-edge radar data. …Synthetic aperture radar (SAR) doesn’t require daylight or clear skies. 
EUROPE — The war in the Middle East has – among many other unintended but avoidable consequences – put renewed pressure on the European Union to water down its carbon pricing policy. The focus right now is on the existing Emissions Trading System (ETS), but it’s not too soon to be concerned about the fate of its upcoming sequel, known as ETS2. ETS2 is the most consequential climate policy most Europeans (much less the rest of the world) have never heard of. Whereas the existing ETS puts a price on the carbon pollution caused by major industries such as power generation, steel, shipping, aviation and cement, ETS2 does the same for fossil fuels used for land transport and to heat buildings. As such it will impact as much as 40% of the EU’s total emissions – and the living costs of 450 million Europeans. The clock is ticking. ETS2 is scheduled to come into effect in 2028.
FRANCE — Wood pellets, commonly used in stoves and boilers in homes across France, can release carbon monoxide (CO) during storage even without being burned, reports the French Agency for Food, Environmental and Occupational Health & Safety (ANSES). Natural chemical reactions inside the pellets, particularly the oxidation of fatty acids in the wood, can cause them to heat up slightly and release gases without any combustion. In addition to carbon monoxide, stored pellets can emit other gases such as carbon dioxide (CO₂), methane (CH₄), and volatile organic compounds (VOCs). These processes can also reduce the amount of oxygen in the surrounding air. ANSES says these emissions are usually low and gradual – but tend to increase at higher temperatures. They decrease over time. The type of wood is a factor with, for example, pine pellets likely to emit more gases than spruce. Although the overall risk is limited.