ETS changes kill appetite for forestry ‘carbon farming’

Wed, 04 Jul 2012

By Pattrick Smellie July 4 (BusinessDesk) - Changes to the emissions trading scheme will stop investment in one of New Zealand's most important sources of future carbon emissions reduction - forestry "carbon farming", says Carbon Farm chief executive Murray McClintock. As a provider of forest management services to the fledgling industry, McClintock says "the net result of these changes will be there is very little incentive to supply New Zealand Units into the New Zealand carbon market." "We are trapped now in a price-taking situation where...

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