December 12, 2018
Emissions Trading changes decided
Māori landowners are set to benefit from changes to the Emissions Trading Scheme.
The changes, which will be included in amendments to the Climate Change Response Act 2002, will simplify the rules and also allow permanent forests to the scheme.
Currently a forest planted after 1989 can’t be considered permanent for the purposes of the ETS, even if it will never be harvested.
Forestry Minister Shane Jones says the Government is making good on its promise to encourage more forestry and make better use of land, especially on erosion-prone land.
The changes also address the challenge of exempting multiply-owned Māori land from pre-1990 deforestation liabilities.
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