Brunei Darussalam is among 17 of 47 reporting economies with more than half of their land area covered with forests. The Sultanate is ranked second in Southeast Asia with 72.1 per cent forest cover according to the 2017 Key indicators for Asia and the Pacific of the Asian Development Bank (ADB), and at seventh place globally with 41 per cent of land designated as protected, The World Bank 2016 reported.
This was said by Director of Forestry Department at the Ministry of Primary Resources and Tourism Noralinda binti Haji Ibrahim in her presentation titled ‘Brunei Forestry Sector: In Support to Green Economy’ at the Brunei Darussalam Conference On Forest: ‘Forests And Biodiversity: Unveiling Its Economic Potential’ in conjunction with the Brunei Mid-Year Conference and Exhibition (MYCE) 2021.
The green economy has been promoted as a strategy to enhance human well-being and at the same time, reduce environmental degradation. Under a green economy, it is expected to demonstrate a low-carbon industry, promoting resource utilisation efficiency, and with benefits that are enjoyed equally by the society, she said.
The director’s paper assessed the country’s green economy initiatives based on the five key principles identified by the Green Economic Coalition in 2020, including well-being, justice, planetary boundary, efficiency and sufficiency, and good governance principles.
Brunei’s forestry sector initiatives were anchored on the five strategic pillars of the green economic framework developed by the World Green Economic Summit in 2014: green regulations, green finance, green marketplace, green partnership, and green innovation.
The Brunei forestry sector is responding well to the country’s long-term plan and economic blueprint. The forestry sector initiatives and programmes also respond to the five strategic pillars of the green economic framework with strong points on the legal framework, marketplace, and partnership, the director added.
Some areas for further improvement have been identified. She said, “Updated information on forest resources and carbon accounting will support the formulation of a long-term forestry masterplan.”