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

 


Forest Owners Welcome Labour’s Climate Initiatives

Forest Owners Welcome Labour’s Climate Initiatives

Labour’s proposal to set up an independent Climate Commission to advise the government on how to meet its emissions targets has been welcomed by the Forest Owners Association.

“It will reduce the likelihood of governments tinkering in the ETS. This, together with clear price signals for carbon, will enable businesses and land owners to adopt low-carbon strategies with a much higher level of confidence,” says FOA environment committee chair Peter Weir.

“Ever since climate change arrived on the agenda, we have been asking the major political parties to stop playing politics with carbon emissions and pricing. The most recent ETS change undermined investment in forestry with an overnight, unannounced, change that prevented Kyoto forest owners from using international units to settle their emissions obligations. Forest owners were the only emitters to be singled out in this way, contradicting assurances made by the government only six months before.

“The government has agreed to reconsider that change, but we are still waiting to hear if they will work with us on a mutually beneficial solution.”

Mr Weir says moving New Zealand to a low-carbon economy has huge benefits, quite apart from the message it sends to the world about Kiwis playing their part in addressing the global problem of climate change.

“Crown Research Institute Scion says there are around half million hectares of marginal farmland that would be better off in forestry for a whole host of environmental and economic reasons. Among them, cleaner rivers, less soil erosion, more biodiversity protection and greater long-term surety of log supply to major wood processors.

“But at current land prices, it is not economic to develop this land for forestry based on log prices alone.”

Mr Weir points out that the prevailing low carbon price has devastated the tree nursery sector. Nurseries scaled up production when new land planting took off in response to an initial carbon price approaching $20 a tonne, only to have to mulch in seedlings when the government allowed the carbon price to fall back to 12 cents a tonne.

“A realistic price for carbon and an independent Climate Commission to keep the policies of successive governments on track, would – in combination with Labour’s proposed “Wood-First” construction policy – encourage both new planting and replanting to the benefit of the economy and the environment,” he says.

ENDS

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Media: Julian Wilcox Leaves Māori TV

Māori Television has confirmed the resignation of Head of News and Production Julian Wilcox. Mr Maxwell acknowledged Mr Wilcox’s significant contribution to Māori Television since joining the organisation in 2004. More>>

ALSO:

Genetics: New Heat Tolerant Cow Developed

Hamilton, New Zealand-based Dairy Solutionz Ltd has led an expert genetics team to develop a new dairy cow breed conditioned to thrive in lower elevation tropical climates and achieve high milk production under heat stress. More>>

Fractals: Thousands More Business Cards Needed To Build Giant Sponge

New Zealand is taking part in a global event this weekend to build a Menger Sponge using 15 million business cards but local organisers say they are thousands of business cards short. More>>

Scoop Business: NZ Net Migration Rises To Annual Record In September

New Zealand’s annual net migration rose to a record in September, beating government forecasts, as the inflow was spurred by student arrivals from India and Kiwis returning home from Australia. More>>

ALSO:

Scoop Business: Fletcher To Close Its Christchurch Insulation Plant, Cut 29 Jobs

Fletcher Building, New Zealand’s largest listed company, will close its Christchurch insulation factory, as it consolidates its Tasman Insulations operations in a “highly competitive market”. More>>

ALSO:

Scoop Business: Novartis Adds Nine New Treatments Under Pharmac Deal

Novartis New Zealand, the local unit of the global pharmaceuticals firm, has added nine new treatments in a far-ranging agreement with government drug buying agency, Pharmac. More>>

ALSO:

Crown Accounts: English Wary On Tax Take, Could Threaten Surplus

Finance Minister Bill English is warning the tax take may come in below forecast in the current financial year, as figures released today confirm it was short by nearly $1 billion in the year to June 30 and English warned of the potential impact of slumping receipts from agricultural exports. More>>

ALSO:

Auckland Outage: Power Mostly Restored Overnight

Vector wishes to advise that all but 324 customers have been restored overnight. These customers are spread throughout the network in small pockets. The main St Johns feeder was restored around midnight allowing most of the customers in all affected areas to have power this morning. More>>

ALSO:

Get More From Scoop

 
 
Standards New Zealand

Standards New Zealand

Mosh Social Media
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news