Dire warnings over carbon forests' impact

Dire warnings over carbon forests' impact
If the policy was left unchanged, pine trees could swamp farmland and climate change policy, officials warned. (Image: Getty)
Ian Llewellyn
Ministers were warned that leaving policy settings unchanged would make planting permanent carbon forests so lucrative that they would crowd out large areas of farmland and threaten attempts to reduce greenhouse gas emissions.Following the advice, the cabinet left the policy unchanged with work to continue on new options to be put in place in 2025.A recently released regulatory impact statement on forestry and the Emissions Trading Scheme (ETS) said current settings heavily incentivise planting pine trees and then walking away from them.Ministr...

More Primary Sector

Whole milk powder prices fall 2.5%
Primary Sector

Whole milk powder prices fall 2.5%

Skim milk powder prices increased, however.

Fonterra’s consumer business difficult to operate in China, local CEO says
Primary Sector

Fonterra’s consumer business difficult to operate in China, local CEO says

Chinese premier Li Qiang visited Fonterra’s head office in Auckland on Saturday.

Dan Mathieson leaving Zespri a much bigger business
Primary Sector

Dan Mathieson leaving Zespri a much bigger business

He’s going to be Driscoll’s president of the Americas.

Fertiliser battle called off
Primary Sector

Fertiliser battle called off

Marnco has agreed to stop marketing its product as superphosphate.

Riley Kennedy 18 Jun 2024