WebSep 20, 2024 · Most of the new forestry provisions will come into force on 1 January 2024 and apply to all newly established forests in the ETS. However, some new provisions (notably a new penalty regime) have already come into force, while infringement offences targeting low-level non-compliance take effect on 1 January 2024. Averaging accounting WebApr 9, 2024 · To achieve this, we recommend: Amending the ETS so that: the carbon look-up tables: extend beyond 50 years to recognise the true total carbon stocks of native forests, which accrue over a much longer timespan; and recognise the sequestration rates of different native species relative to age and location, as well as the sequestration rates of ...
CHAPTER 14: Forestry - Ministry for the Environment
WebApr 27, 2024 · The new permanent forest category of the New Zealand ETS currently permits exotic species including radiata pine as well indigenous forestry to be registered … WebApr 22, 2024 · Belton says the proposal to exclude exotics from permanent forests imperils the 100 hectares of new planting which could sequester about 1250 tonnes of carbon per hectare over 50 years. At a $100 carbon unit price, earnings could be $250,000 a year on otherwise unproductive land. navy blue white kitchen
Proposed ETS changes won’t solve carbon farming problem, says …
WebThe permanent forestry category is available from 1 January 2024. This category is for forests that won’t be clear-felled for at least 50 years. If you register a permanent forest, … WebApr 14, 2024 · The permanent forestry category is due to come into effect from 1 January 2024. If a forest is registered in this category, it cannot be harvested for at least 50 years … WebFeb 28, 2024 · When the permanent forest category goes live in 2024, native forest will be eligible for this accounting method but as of July 2024, the decision to allow exotic forest is under review by the government. MPI has confirmed permanent forestry will be available to all eligible post-1989 forest land from 1 January 2024 - exotic or native. markiplier new show