NZ ETS Settings Hold Steady Amid Shortfall Warning
The Climate Change Commission has recommended maintaining the current New Zealand Emissions Trading System (NZ ETS) settings but warns of a potential unit shortfall as early as 2028.
Dave Read says the Climate Change Commission report heavily relies on forest planting to offset emissions.
OPINION: Dear Ministers Nash and Shaw,
The Climate Change Commission (CCC) has presented a report with a lot of rhetoric about the importance of reducing gross emissions.
However, it heavily relies on forest planting to offset emissions, while we delay tackling transport, yet again. There is no mechanism suggested to limit the surge in exotic afforestation unleashed by higher carbon prices under the ETS. The Government is very happy at the unexpected low cost of the actions proposed by the CCC.
Late last year, Te Uru Rakau released the report Economic Impacts of Forestry in NZ by Price Waterhouse Cooper (PwC). This report maintains that forestry is a better land use than sheep and beef farming on our hill pastures, producing more direct employment and a better economic outcome for NZ. This report is deeply flawed.
The acting director general of Te Uru Rakau has refused to withdraw this report, so I have taken a case to the Ombudsman.
Here is a summary. Points 1 & 2 together mean that the reality is that sheep and beef farming generates more direct employment per 1,000ha, not less.
In brief:
I am happy to supply the documents that support my assertions or discuss this issue further.
Dave Read
RD 3
Wairoa 4193
In advance of the Budget, Finance Minister Nicola Willis put a clear damper on expectations and delivered accordingly.
Farmers should be cautiously optimistic as the 2026/27 season kicks off, says DairyNZ.
RaboResearch senior analyst Emma Higgins expects the 2026/27 dairy season to be another profitable one.
The new dairy season is kicking off with plenty of risks to the forecast farmgate price, both upside and downside, says ANZ agricultural economist Matt Dilly.
A potential showdown between the top two Federated Farmers leaders looms at the farmer lobby's annual meeting later this month.
FarmIQ Systems has developed a free land management app to help remove barriers to New Zealand farmers and growers adopting digital tools.