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


Castalia Report: Need to Focus on Forestry Sinks


Monday 17 October 2005

For Immediate Release

Castalia Report Shows Need to Focus on Forestry Sinks

A report by leading strategic consultants, Castalia, showing it would be impossible for New Zealand to reduce carbon emissions without seriously undermining our economy, is further evidence previous climate change policy was flawed in not encouraging carbon sinks, the Kyoto Forestry Association said today.

“If we can’t substantially reduce emissions without destroying our economy, we need to increase sinks such as forestry – which would also boost our economy and encourage regional development,” KFA spokesman Roger Dickie said today.

Mr Dickie said policy over the last six years had done the opposite.

“Poor policy, including the expropriation of carbon credits rightfully owned by foresters, has driven new forestry plantings down to zero from the 65,000 hectares per year experienced in the mid-1990s. This means we are producing no new forestry sinks at all, whereas forestry could be contributing to reducing the $1 billion Kyoto bill confronting the taxpayer, and creating jobs in the regions.”

Mr Dickie said KFA joined with Castalia and the Greenhouse Policy Coalition in urging the Government to have a complete re-think about how it was implementing Kyoto.

“Climate change is real and we have to do something to slow or reverse it,” he said. “But taxing households, while letting SOEs and big business off the carbon tax, will do nothing to reduce emissions. And failing to respect foresters’ ownership of carbon credits will do nothing to encourage sinks. A re-think, based around using market mechanisms to encourage sinks and discourage emissions, is clearly needed.”

Mr Dickie said KFA was encouraged by open-minded comments made by Caretaker Climate Change Minister Pete Hodgson this morning, and by progress being made in the forestry industry’s confidential dialogue with officials on how to encourage greater plantation forestry.


© Scoop Media

Business Headlines | Sci-Tech Headlines


Media Mega Merger: StuffMe Hearing Argues Over Moveable Feast

New Zealand's two largest news publishers are appealing against the Commerce Commission's rejection of the proposal to merge their operations. More>>


Approval: Northern Corridor Decision Released

The approval gives the green light to construction of the last link of Auckland’s Western Ring Route, providing an alternative route from South Auckland to the North Shore. More>>


Crown Accounts: $4.1 Billion Surplus

The New Zealand Government has achieved its third fiscal surplus in a row with the Crown accounts for the year ended 30 June 2017 showing an OBEGAL surplus of $4.1 billion, $2.2 billion stronger than last year, Finance Minister Steven Joyce says. More>>


Mycoplasma Bovis: One New Property Tests Positive

The newly identified property... was already under a Restricted Place notice under the Biosecurity Act. More>>

Accounting Scandal: Suspension Of Fuji Xerox From All-Of-Government Contract

General Manager of New Zealand Government Procurement John Ivil says, “FXNZ has been formally suspended from the Print Technology and Associated Services (PTAS) contract and terminated from the Office Supplies contract.” More>>