Wednesday, 16 March 2022 09:55

Pines to be banned from ETS?

Written by  Leo Argent
Forestry Minister Stuart Nash. Forestry Minister Stuart Nash.

A proposal to better manage carbon farming could see plantings of exotic forests like radiata pine excluded from the Emissions Trading Scheme (ETS).

Forestry Minister Stuart Nash and Climate Change Minister James Shaw recently released a public discussion document to better manage afforestation.

“The Government wants to encourage afforestation to help meet our climate change targets, offset carbon emissions, and also to help farmers, landowners and investors diversify their income streams,” Nash says.

“We want to balance the risks created by new permanent exotic forests which are not intended for harvest. We have a window to build safeguards into the system, prior to a new ETS framework coming into force on 1 January 2023.”

From 2023, under current rules, a new permanent forest category of the ETS would allow both exotic and indigenous forests to be registered in the ETS and earn New Zealand Units (NZU). The NZU price has more than doubled over the past year, from around $35 in late 2020 to over $80 in February 2022.

However, the Government is a now proposing to exclude exotic species from the permanent forest category.

“We want to encourage the right tree, in the right place, for the right reason. We intend to balance the need for afforestation with wider needs of local communities, regional economies and the environment,” Nash says.

“Permanent exotic forests like radiata pine have potential environmental and ecological risks and a relatively short lifespan compared to well-managed mixed indigenous forests.”

Nash says later in the year, the Government will consult on proposals which could give local councils more powers to decide under the Resource Management Act where exotic forests are planted.

More like this

No free ride!

OPINION: This old mutt is getting somewhat tired of multi-national, tax-dodging, fund-raising group Greenpeace always given front and centre mainstream media space to coment (i.e. bag) NZ agriculture.

HWEN - farmers are rightly nervous, confused and angry

OPINION: As consultation by He Waka Eke Noa (HWEN) has rounded up, there are still a vast number of farmers who are nervous, confused, and angry about what the future for managing agricultural emissions in New Zealand might look like, and for good reason.

Don't reinvent the wheel!

Horticulture NZ is one of the primary sector parties involved in the industry-wide initiative He Waka Eke Noa, to provide government with an alternative option to the ETS in dealing with on farm orchard/greenhouse gas emissions.

Farm costs will rise under ETS - DairyNZ

DairyNZ chairman Jim van der Poel says over 2,000 farmers have taken part in the He Waka Eke Noa chairman consultations via face-to-face meetings and online.

National

AWDT chair steps down

Agri-Women’s Development Trust (AWDT) chair Linda Cooper has stepped down after three years serving the charitable trust.

Machinery & Products

Making life easier

Many temporary sheep fencing systems can be troublesome, with reels jamming or breaking and the bugbear of silly hooks on…

Valtra's following grows

With the release of its N5 and T5 series of tractors, Valtra continues to expand its presence in the Australia-New…

» The RNG Weather Report

» Latest Print Issues Online

The Hound

No free ride!

OPINION: This old mutt is getting somewhat tired of multi-national, tax-dodging, fund-raising group Greenpeace always given front and centre mainstream…

How come?

OPINION: A mate of yours truly is questioning exactly why the Māori ag sector have been given special budget funding by…

» Connect with Rural News

» eNewsletter

Subscribe to our weekly newsletter