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Government Opens Applications For Compensatory Carbon Credits For Forest Owners, New Zealand

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Publication Date: 
July 30, 2010
Author: 
Independent Forestry Services Ltd
News Source: 
Voxy

The Ministry of Agriculture and Forestry has announced that the owners of forest land established before 1990 can now apply for a one-off compensatory allocation of carbon credits valued from $700 to $1000 per hectare.

From 1 August 2010, owners of forest land that was planted in exotic forestry before 1990 have until November 2011 to apply from the government to receive an allocation of tradable carbon credits that is valued between NZ$700 and NZ$1000 per hectare of forest.

Read the full story from Voxy here

 

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