Blue gum plantation resurgence?Friday 1 Mar 2019
The managing director of forestry management company PF Olsen, Pat Groenhout, said the current lack of federal policy to recognise the capture and storage of carbon by the nation's hardwood estate was a significant hurdle faced by foresters and investors. "I'm confident that the people who are responsible for making those decisions are increasingly recognising the important role that plantations are going to play in addressing climate change issues," Mr Groenhout said. "But frankly, from the forest industry's perspective, it makes no sense at all that the things that are most likely to — and the most capable of — capturing and storing carbon in the long-term, aren't being recognised within the current Australian federal policy environment. "But I guess we have, as an industry, some confidence that that will be resolved at a policy level as we head into the next few years." His comments come as foresters across southern WA are seeing a steady growth and consolidation in the hardwood plantation industry, with the total value of annual output estimated at AU$345 million for the region, providing employment for more than 6,000 people. More >>. Source: ABC | ||
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