The FAO Regional Office for Asia and the Pacific will be hosting a webinar titled “Forests and innovation, new solutions for a better world” to mark the International Day of Forests on Thursday, 21 March 2024. Innovation can help to restore, protect, manage and use forests sustainably. Technological, social, policy, institutional and financial innovations are key to ensure the sustainable supply and use of forest ecosystem services. From construction to medicine, innovations in forest products are helping create alternatives to unsustainable materials such as concrete, steel, plastics and synthetic fibres, while sustainable wood products store carbon for their lifetime. This regional event will showcase the significance of promoting sustainable supply and use of forest ecosystem services through innovations in the Asia and the Pacific region, with a focus on how these advancements contribute to building a sustainable bioeconomy.