The C.D. Howe Institute has released a new report entitled, “Branching out: How Canada’s Forest Products Sector is Reshaping its Future,” and singles out FPInnovations as an innovation hub. The study explores current industry trends and advancements that Canada’s forest-products sector has made in the face of growing business challenges. It also provides a number of recommendations that would enable the sector to enhance its contributions to the Canadian economy and to environmental goals.
As noted by study author Eric Miller: “Canada’s forest sector shows potential as a leader in innovation, environmental sustainability and international trade”. The report proposed the following ideas for action:
- “Scale up the government contributions to FPInnovations, a non-profit innovation hub for the forestry industry, and other vehicles with a successful track record of commercialization;
- Consolidate the early product and process innovations supported by the federal government in partnership with the industry to make Canada a global leader in the emerging “tall wood building space”;
- Endeavour to ensure ‘regulatory neutrality’ for the use of emerging wood and wood-based products;
- Create a window supported by carbon tax revenues to drive innovative local solutions to forest management, adaption, and utilization;
- Develop a sectoral arrangement on trade in forest products with China, focused on the construction sector.”
FPInnovations is a strong supporter of the forest-products industry. Along with the Institut technologique FCBA (France), it is co-organizing Woodrise 2019, the second world conference on mid- and high-rise wood buildings held in Québec City this fall from September 30 to October 4. Woodrise 2019 will bring together wood-construction stakeholders, decision-makers, and professionals to share their knowledge and strengths in order to position wood as a leading construction material for tomorrow’s sustainable cities.
The C.D. Howe Institute is an independent, not-for-profit research institute whose mission is to raise living standards by fostering economic public policies.
Click here to read the C.D. Howe Institute report.