Farm to forest pipeline felled by new rules

Farmers may still convert portions of their own farms to trees if they wish. (Image: NZME)

Wed, 04 Dec 2024

The Government has moved to restrict farmers’ ability to convert their land to forestry and earn carbon credits.Broadly, the rule changes will limit which new forests can come under the emissions trading scheme. This will mean they would not be eligible to earn carbon credits, reducing the attraction of carbon forests.National campaigned on some form of restrictions in the last election based on a number of concerns. One was that rural communities, landscapes, and economies were being changed due to the replacement of good-quality fa...

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Markets Market Close

Volatile stocks drive NZ sharemarket down nearly 0.5%

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