Forestry interests voice uncertainty concerns
Thursday 13 Jul 2023Forestry group slams ETS reform as ‘vandalism’. The newly-formed Climate Forestry Association says a proposed revamp of the Emissions Trading scheme (ETS) is already putting tree planting intentions on hold due to the regulatory uncertainty surrounding it.
The association has the country’s biggest carbon forestry planter, NZ Carbon Farming – which has 77 million trees under management – as one of its 15 members. It also represents Māori carbon farming interests and has Te Kapunga Dewes - chair of Ngā Pou a Tāne - the National Māori Forestry Association – on its board.
Climate Forestry Association chief executive Andrew Cushen said the “wave of potential reform” was “vandalism” to a system that was already working. He said reform of the system - which allows polluters to purchase carbon credits to offset their emissions - would put at risk the climate change achievements already won.
Further coverage in the media this week includes;
Green initiatives under threat as carbon-credit slump continues. The price of carbon credits has fallen further, casting a shadow over forestry investments and other initiatives to tackle climate change. More >>
What Is Behind Option 4 Of The NZ ETS Review And Why? Option 4 in the recently announced NZ ETS Review looks to be the Government’s preferred option. It would take forestry originated NZUs out of the NZ ETS and create a separate market for them, one which can’t be accessed by emitters. They will be reclassified as “removal units” in a new scheme. So, who will buy these removal units? More >>
Emissions Review A Carbon And Economic Hole For Greater Bay Of Plenty Region. Central North Island foresters say gutting the value of carbon credits from forestry would sharply reduce both the region’s forest carbon sequestration and its economy. More >>
Sources: NZ Herald, Stuff, CNIWC, Halt NZU Grab
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