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How could emerging technology help cut down on deforestation?
The illegal timber trade creates problems for everyone. Governments lose valuable revenue and natural resources.
Indonesia’s Corruption Eradication Commission reported that the country lost $9 billion in revenue to the illegal timber trade between 2003 and 2014. Meanwhile, businesses sourcing legal timber lose profits and competitiveness to illegal timber supplies sold at lower prices.
So governments and businesses are starting to do more to improve timber traceability, including adopting new and existing technologies that can help track timber, manage information and eventually, help combat illegal logging.