Knowledge Note

Ultimately, we all rely on forests for climate regulation, carbon sequestration, biodiversity conservation, soil fertility, and water. Forests contribute to our economic, social, and environmental well-being, but their many values are often underestimated or ignored in comparison with other, often short-term, economic imperatives. Apart from wood, many forest goods and services are taken for granted and accessed freely, hiding the true costs of forest loss. Undervaluation of multiple forest services reduces the competitiveness of long-term sustainable forest management versus short-term gains from overexploitation and conversion to other land uses