BNZ and Pāmu Launch New Native Forest Revenue Model for New Zealand Landowners
Bank of New Zealand (BNZ) and Pāmu (Landcorp Farming Limited) have developed a new way for landowners to earn revenue from existing native forests.
This coincides with a fall in the international price of carbon from a high of $25 to the present low of $3 a tonne.
Carter says he's aware of the criticism about overseas carbon credits. "Anybody in the New Zealand forestry industry expecting a return out of carbon is obviously concerned. They are looking for ways to insulate New Zealand from the international carbon price. I personally believe we need to see more trees planted in New Zealand particularly in areas of the land which are eroding significantly."
Carter says the three schemes in question – The East Coast Forestry Project, The Hill Country Erosion Programme and the Afforestation Grant Scheme – are being reviewed.
