Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 

Minister's Blind Faith In Forest Sinks Futile

14 February 2002

New Zealand's forest sink credits are not a panacea to the challenges that the Kyoto Protocol will present to New Zealand, says Federated Farmers of New Zealand (Inc) President Alistair Polson.

Mr Polson was commenting on statements made by Minister of Forestry Pete Hodgson regarding the economic benefit to New Zealand from forest sinks under the Kyoto Protocol. Mr Hodgson said that forest sinks meant New Zealand had a net benefit of $1 billion from ratification of the Kyoto Protocol during the first commitment period (2008-2012).

"The reported $1 billion value attributed to the 110 million forest sink credits this country will earn during 2008-2012 will only be a net benefit to the country if the Government retains full responsibility for New Zealand's emissions and forest sinks," said Mr Polson. "This is highly unlikely given the Government's intent to have all sectors address their emissions."

"If the Government were to devolve responsibility for New Zealand's forest sinks to the private sector then the $1 billion economic benefit from forest sinks will likely be overwhelmed by the compliance costs the Government needed for accounting purposes. Compliance costs will prove an especially high cost for small woodlot owners and farm foresters, many of whom will also likely be made responsible for their livestock emissions.

"The emission liabilities from harvesting pre-1990 forests will diminish any benefits and will impact on large corporate forest owners significantly. Their heavy investments are in pre-1990 forests that comprise the much-talked about wall of wood.

"The so-called economic benefit from forest sinks will be further diluted should Government decide to retain a proportion of New Zealand's forest sinks credits for itself.

"The Minister cannot separate ratification from the damaging effects to the New Zealand economy. Ratification must be delayed and realistic policies adopted."

ENDS

© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 

ScoopPro: Helping The Education Sector Get More Out Of Scoop

The ScoopPro professional license includes a suite of useful information tools for professional users of Scoop including some specifically for those in the education sector to make your Scoop experience better. More>>

Big Tax Bill Due: Destiny Church Charities Deregistered

The independent Charities Registration Board has decided to remove Destiny International Trust and Te Hahi o Nga Matamua Holdings Limited from the Charities Register on 20 December 2017 because of the charities’ persistent failure to meet their annual return obligations. More>>

57 Million Users' Data: Uber Breach "Utterly Preventatable"

Cybersecurity leader Centrify says the Uber data breach of 57 million customer and driver records - which the ride-hailing company hid for more than a year - was “utterly preventable”. More>>

Scoop 3.0: How You Can Help Scoop’s Evolution

We have big plans for 2018 as we look to expand our public interest journalism coverage, upgrade our publishing infrastructure and offer even more valuable business tools to commercial users of Scoop. More>>

Having A Cow? Dairy Product Prices Slide For Fourth Straight Auction

Dairy product prices fell at the Global Dairy Trade auction, retreating for the fourth straight auction amid signs of increased production... Whole milk powder fell 2.7 percent to US$2,778 a tonne. More>>

ALSO:

Statistics: Butter At Record $5.67/Block; High Vegetable Prices

Rising dairy prices have pushed food prices up 2.7 percent in the year to October 2017, Stats NZ said today. This followed a 3.0 percent increase in the year to September 2017. More>>

ALSO:

Science: New Research Finds Herbicides Cause Antibiotic Resistance

New University of Canterbury research confirms that the active ingredients of the commonly used herbicides, RoundUp, Kamba and 2,4-D (glyphosate, dicamba and 2,4-D, respectively), each alone cause antibiotic resistance at concentrations well below label application rates. More>>

ALSO:

 
 
 
 
 
 
 
 
  • Bill Bennett on Tech