Forestry company fined $112,500 for evironmental breaches near Waihi
Convictions and fines totalling $112,500 have been imposed on a logging company for repeated environmental damage on a farm near Wahi between August 2022 and October 2023.
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.
