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.
According to Newshub, from information under the Official Information Act, 25 times more land was converted into forestry last year than a decade ago.
It shows a rise in new forestry area from 695ha in 2013 to more than 18,000ha last year.
Beef+Lamb NZ says it is alarmed by this figure and while it is not against off-setting via commercial forestry, it argues that there needs to be some limits put on it.
Your old mate hopes the Government's 'ministerial inquiry' into forestry slash will lead to limits on land conversion, as it needs to answer for its policies incentivising forestry to earn carbon credits.
