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Climate Forestry Association CEO discusses proposed changes to Emissions Trading Scheme

Author
Newstalk ZB,
Publish Date
Tue, 20 Jun 2023, 8:19AM
Photo / RNZ / Stock Photo
Photo / RNZ / Stock Photo

Climate Forestry Association CEO discusses proposed changes to Emissions Trading Scheme

Author
Newstalk ZB,
Publish Date
Tue, 20 Jun 2023, 8:19AM

Four new adjustments to the Emissions Trading Scheme have been proposed for consultation - all of which aim to make it less attractive for businesses to offset their carbon emissions using forestry.

The most drastic proposed change is to take forestry out of the scheme entirely by creating two separate markets to form different incentives for gross emissions reductions and emissions removals - meaning emitters wouldn’t be able to use forestry units to pay for their emissions.

Climate Forestry Association CEO Andrew Cushen joined Mike Hosking to discuss the proposal.

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