This issue of TFU is published as substantial levels of assistance start to flow to some tropical countries through various climate-related initiatives. This is indeed a welcome development for these countries. As ITTO and others have pointed out for many years, it was always unrealistic to expect one (usually under-valued) resource – timber - to fund the bulk of the costs tropical countries incur to sustainably manage tropical forests and maintain the myriad benefits they provide.

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The ITTO Tropical Forest Update is published quarterly in English, French and Spanish; the French and Spanish editions are usually posted about a month later than the English.
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Great expectations
Photo: C. Chavez
Why there are so few forestry projects under the Clean Development Mechanism
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Carbon trading in the Philippines
Photo: A.E. Pasa
Numerous challenges to overcome for smallholders to benefit
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Emerging market for land-use carbon credits
Photo: H. Castro
Regulatory momentum and reliable standards support growth
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The CPF’s strategic framework for forests and climate change
UN-REDD ready for action

Photo: E. Muller
$35 million partnership aims to build strategies for the sustainable management of tropical forests
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Fellowship Report

Photo: A. Dhakal
Tree growth performance in private plantations in Nepal’s central Terai region
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Recently Funded Projects
These projects were financed at the Forty-fourth session of the International
Tropical Timber Council, which was held November 3-8, 2008.
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Market Trends
Volatile markets wreak havoc on timber trade in first three quarters of 2008
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Recent Editions
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Topical and tropical
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Meetings
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Out on a limb
Ambassador Hans Brattskar explains Norway’s international climate and forest initiative
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