The special exemption for foreign buyers to acquire farmland for forest planting is past its use-by date and should be scrapped, argues Colin Jacobs from NZ-owned forestry joint venture firm, Drylandcarbon.
Carbon prices are heading well above $70 a tonne for a NZ Unit, the highest on record and heading higher.
The final carbon auction of the year has resulted in a clearing price of $68.
The billionaire eBay founder is among the 200-plus potential investors granted a border exemption to scout out new opportunities.