| The NZ carbon price has fallen spectacularly in the last 2 years with cheap foreign credits swamping our market, making a mockery of the NZ ETS and marginalising forestry participation. Yet as depressing as the carbon market is for New Zealand forest owners there is also an opportunity to make good of a bad situation by exiting the ETS and eliminating the carbon liabilities accrued over the last 5 years for very little cost. |  |
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