Local Govt | National News Video | Parliament Headlines | Politics Headlines | Search


Application lodged for regional park carbon credits

News release
16 November 2012

Application lodged for regional park carbon credits

The Wellington Regional Council has applied to the Ministry for Primary Industries to register carbon credits for 442.41ha of land, in Belmont Regional Park, East Harbour Regional Park and Battle Hill Farm Forest Park.

The carbon credits will be registered through the Permanent Forest Sink Initiative (PFSI) – a government climate change initiative that encourages the establishment of permanent forests. The PFSI provides landowners with the opportunity to earn carbon credits and includes a covenant between the government and the landowner. This covenant ensures that the forest is carefully managed to maintain the forest canopy and promote regeneration.
Nigel Wilson, Chair of the regional council’s Social & Cultural Wellbeing Committee, says the application is an opportunity to make a positive contribution to global climate change efforts.

“By increasing the capacity of our regional parks to capture and store carbon, we are playing our part in a global response to the impacts of climate change,” says Cr Wilson.

A global marketplace for the trading of carbon credits exists to encourage the capture of carbon-dioxide from the atmosphere through initiatives such as establishing or re-establishing forests. The regional council has already lodged applications for its commercial forestry areas (4,261ha) under the Emissions Trading Scheme (ETS).

As the regional council owns and manages Kyoto Protocol-compliant forests, it’s able to register and sell carbon credits for financial gain. The current market price for carbon credits is approximately USD $3 per unit, but it is estimated that the credits could be worth $176,000 if the unit price rises to USD $20 per unit.


© Scoop Media

Parliament Headlines | Politics Headlines | Regional Headlines



Labour: Parata Puts Brakes On Charter School Appraisal

“When the Ministry of Education recommended they compare the achievements of children at charter schools to those of their counterparts at state schools, the documents show Hekia Parata specifically prohibited them from doing so." More>>


Bad Day For Universities: Gun, Bomb Threats On Three Campuses

Dunedin Police are continuing their investigation into the threat made against the University of Otago. Staff are following a number of lines of inquiry, and police are working to verify the authenticity and source of the post. More>>


Gordon Campbell: On The TPP Deal Reached In Atlanta

Yes, the TPP has helped to knock a few points off the tariffs facing our exporters. Yet some of those alleged dollar gains may well have been made regardless over time – and without the negative baggage of the concessions in the non-trade areas (intellectual property, copyright extensions, investor-state dispute mechanisms etc) that the TPP deal also brings in its wake. More>> (Cartoon by Dave Wolland)

Public Summaries:


Wellington.Scoop: Serco – First The Prisons, And Now It Wants To Run The Trains

As the government continues its inquiry into Serco’s discredited administration of Mt Eden prison in Auckland, here in Wellington there’s further scrutiny of the British outsourcing company – because it’s competing to take over the running of our commuter trains. More>>


Pre-Signing: Gordon Campbell On The TPP Countdown

To date, the Key government has been unwilling to share any information about this TPP deal until it is too late for outraged public opinion to affect the outcome... the disclosure process is likely to consist of a similarly skewed and careful exercise in spin. More>>


Australia Deportations: English Relaxed On Immigration Centre Conditions

Labour's Annette King: “There have been numerous reports from inside these detention centres on just how bad conditions are... If they were being held in any other foreign jail, I imagine Mr English would be somewhat concerned. More>>


Schools: Achievement-Based Funding Would Be A Disaster

The Education Minister’s speech to the PPTA Conference raising the spectre of achievement data driving a new funding system would be disastrous, says NZEI Te Riu Roa. More>>

  • Video Out-Link - PPTA Annual Conference 2015 on Livestream (Q+A dicussion suggests funding would be directed to less successful schools.)

  • ALSO:

    ECE Report:

    Get More From Scoop



    Search Scoop  
    Powered by Vodafone
    NZ independent news