Last week we made a submission to Ministry for the Environment's technical review of the ETS. The review focused on ETS forestry including changing the way carbon is treated at harvest (averaging) and recognising stored carbon in wood products (harvested wood products). The proposed changes could greatly benefit the economics of carbon forestry and lower risk. CFS also calls for participation of pre-1990 forests to earn NZUs, and also for certainty on the future use of overseas units in NZ. You can read our submission here (CFS Submission ETS Review April 2016).
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