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ETS changes kill appetite for forestry ‘carbon farming’

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Publication Date: 
July 4, 2012
Author: 
Pattrick Smellie
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.
 
Read the full story from National Business Revivew here

 

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