Primary Sector

Drylandcarbon buys first property

Gavin Evans
Thu, 19 Dec 2019

Gavin Evans
Thu, 19 Dec 2019
A specialist carbon forestry fund established by some of the country’s biggest emitters has bought its first property.Drylandcarbon has agreed to buy the 1,600-hectare Te Puna station near Wairoa. About two-thirds of the property – much of it steep and erosion-prone - will be planted in exotics as a permanent carbon sink. About 114 ha will remain as pastoral lease with the balance allowed to regenerate as native forest.Executive director Ant Beverley said marginal land is ideal for forestry planting, but care is needed to ensure that viable lan...

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