Stora Enso successfully issues seven-year EUR 500 million Eurobond
Stora Enso successfully issues seven-year EUR 500 million Eurobond Stora Enso has today issued a EUR 500 million seven-year bond under its EMTN (Euro Medium Term Note) programme. The new bond pays a fixed coupon of 5.5% and will mature in March 2019.
Global sawlog prices fell in late 2011, especially in lumber export-oriented countries such as Western Canada, Finland, Sweden, Russia and New Zealand, reports the Wood Resource Quarterly.
43 European states negotiate binding legal framework
The representatives of 43 European countries – the 27 EU member states plus the European Commission, Russia and other non-EU European countries – have begun negotiating a legally binding agreement on sustainable forest management in Europe.
New study highlights need for REDD+ to look beyond carbon
BOGOR, Indonesia (21 February, 2012)_A new study on rubber plantations highlights the need for the REDD+ climate change scheme to further consider biodiversity and rural livelihoods.
Norway Provides the UN Environment Programme With Over U.S.$30 Million of Support
As a tangible commendation of the mandate and achievements of the UN Environment Programme (UNEP), the Government of Norway has committed NOK 200 million (US$35 million) for the 2012-2013 biennium to support activities across UNEP's Programme of Work.
Preparedness for REDD+ Climate Finance - Vietnam, Mexico & Zambia
Reducing emissions from deforestation and forest degradation, including conservation, forest management and enhanced carbon stocks (REDD+), is an evolving international climate finance mechanism that may provide considerable sustainable development opportunities for developing countries.
Mondi invests in energy projects as it targets 97.5% self-sufficiency
Pulp and paper group Mondi on Thursday confirmed it had put aside €170-million in capital expenditure for energy and debottlenecking projects, with the aim of achieving 97.5% energy self-sufficiency across its operations.
