Latvia's forest sector has untapped potential in the area bioeconomy - Vejonis

  • 2020-01-22
  • LETA/TBT Staff

RIGA - Latvia's forest industry has huge and untapped potential in the area of bioeconomy, former President Raimonds Vejonis said at an international forest industry conference called Climate, Future, Forests on Wednesday.

As Vejonis pointed out, climate change is one of today's greatest threats, and is not only an environmental problem, but also an economic issue, as it is caused by human lifestyles, in particular, by the increase of the consumption of fossil fuels.

"Climate change will inevitably affect the business environment not only in Latvia, but internationally, and in order to cope with climate change we need to adapt," said Vejonis. According to him, it is entrepreneurs who will have to implement the goals set by Europe, including the implementation of the new European ''green deal'' growth strategy, climate neutrality and a circular economy.

At the same time, he admitted that it would not be possible to quickly change the habits of the consumer society that has formed since World War II. Work is already underway on this by changing the habits of the consumer society by making various activities more expensive.

Vejonis pointed out that greenhouse gas (GHG) emissions can be reduced not only by carbon dioxide (CO2) capture, but also by substituting materials, reducing the impact of building materials, using renewable resources and other methods that underpin the bioeconomy. The Latvian forest industry has huge and untapped potential in this area," the former president is convinced.

He also expressed his conviction that everyone should act together to make Latvia one of the greenest countries in the world, which is also a declared task of the government. Vejonis also said that professionals also need to give advice to make climate policy sustainable.