Publication Date:July 4, 2012
News Source:National Business Revivew
BUSINESSDESK: Changes to the emissions trading scheme will stop investment in one of New Zealand's most important sources of future carbon emissions reduction – forestry "carbon farming", Carbon Farm chief executive Murray McClintock says.
As a provider of forest management services to the fledgling industry, he says "the net result of these changes will be there is very little incentive to supply New Zealand Units into the New Zealand carbon market".
"We are trapped now in a price-taking situation where the future pricing will be set by the price in Europe," he said.
European carbon prices have already collapsed and appear likely to stay low for at least the next four years while the 27 European Union member states agree on measures to undo a glut of carbon credits.
Forest Carbon Markets 2012
Forest Carbon in the News
Sydney Morning Herald (May 17, 2013)
International Tropical Timber Association (ITTO) (May 17, 2013)
Mongabay (May 17, 2013)
World Agroforestry Centre (May 17, 2013)
Forests News - CIFOR (May 17, 2013)
Forests News - CIFOR (May 16, 2013)
World Agroforestry Centre (May 16, 2013)
PSnews (May 16, 2013)