“Growing the Irish Forest Bioeconomy” report launched by Minister Doyle

Date Posted: 16.11.2017

The Minister of State at the Department of Agriculture, Food and the Marine, Andrew Doyle T.D., today launched a report titled “Growing the Irish Forest Bioeconomy”. The report, produced by the Council for Forest Research and Development (COFORD), on the contribution and potential of the forest sector in the emerging Irish Bioeconomy has been submitted to the Department of An Taoiseach. This is part of the on-going process to develop a Government Policy Statement on the Irish Bioeconomy.

Speaking at the launch today Minister Doyle said:

“There is no doubt that the forest sector already plays a leading role in the emerging bioeconomy. However, there is very significant potential to advance our sector through the use of new wood products and building systems, as well as the rapidly emerging use of wood fibre across a range of innovative products that the report identifies. I therefore very much welcome this COFORD report, highlighting the importance of the forest sector in decarbonising our economy now and into the future”.

The bioeconomy concept has emerged as a response to the global challenges of food security, energy security, climate change and the depletion of non-renewable resources. Virtually everything that can be made from fossil resources can also be made from biological resources. Substituting sustainably produced wood for fossil resources facilitates decarbonisation and continued economic growth. It also improves economic resilience and has a contribution to make to rural economies.

A copy of the report can be found at the link below:



General Updates

Forestry and the timber industry has been very much an under developed sector in Ireland and I feel this new website foresttomarket.ie is an ideal vehicle to help to promote and coordinate investors, farmers, auctioneers and all involved in the sector. I congratulate Paddy Bruton and all his team in Forestry Services Ltd. on this one-stop-shop website initiative and wish them every success in the future.
Sean Kelly MEP at website launch
In an environment of historically low interest rates and bond yields; volatile and nervous equity markets; uncertain property markets; the investment options are not at all clear or straightforward at the moment. For any investor, diversification is key and in that context, forestry can play a very valuable role. This website will make a very valuable contribution to investors interested in sourcing this investment option.
Jim Power, Economist at website launch