Govt backs down on permanent exotics forests in ETS

Govt backs down on permanent exotics forests in ETS
B+LNZ wants a cap on how much companies can offset. (Image: Unsplash)
Rebecca Howard
The government's U-turn on exotic forests is another step in the right direction but there is still more to be done, says Beef+Lamb New Zealand.The government is now proposing that future permanent plantings of exotic forests like radiata pine be excluded from the emissions trading scheme (ETS), according to a public discussion document. “The government wants to encourage afforestation to help meet our climate change targets, offset carbon emissions, and also help farmers, landowners and investors diversify their income streams,&...

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