Gordon Campbell | Parliament TV | Parliament Today | News Video | Crime | Employers | Housing | Immigration | Legal | Local Govt. | Maori | Welfare | Unions | Youth | Search

 

Kyoto Forest Owners misleading NZ over sink credit

Kyoto Forest Owners misleading NZ over sink credits

Kyoto Forest Owners are making "grossly misleading and self-delusional statements" about alleged nationalisation of forest sinks, according to the Environmental Defence Society (EDS).

Kyoto Forest Owners spokesperson Roger Dickie said in a statement yesterday that the government has "nationalised" and "stolen" forest sinks, thus depriving forest owners of some billions of dollars of value.

"This is the mantra the forest sector has been chanting now for some time. But they are quite wrong to suggest that government stole forest owners' rights.

"The fact is that forest sinks are created under the Kyoto Protocol. The Kyoto Protocol is an agreement between governments. If the New Zealand government had not agreed to ratify the Protocol, there would be zero value from sinks. So nothing has been taken away from forest owners. The value of their forests has not changed.

"Furthermore, the sink credits created under the Kyoto Protocol provide New Zealand with a least cost pathway into its Kyoto obligations. New Zealand is likely to be a net seller on the Kyoto market because it has more sink credits than it has emission debits. It is perfectly appropriate for the credits, which have been created by the government, to be used to encourage energy efficiency and emission reduction projects, as well as new forest planting, as they are.

"But to devolve sink credits would be handing over much of the value created under the Protocol to foreign owners of New Zealand forests. One of the largest forest owners is based in the USA - a non-ratifying country. Why should the New Zealand government hand over value to them?

"In our opinion, forestry leaders are misleading their constituency and fanning the flames of dispute in the same way that farming leaders did over the research levy. They are doing this to gain leverage for further state support for the industry - for matters such as roading infrastructure.

This is the real issue that warrants closer attention: to what extent should the government continue to subsidise the forest industry? Mr Taylor concluded.

© Scoop Media

 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

Gordon Campbell: On Chilling The Warm Fuzzies About The US/China Trade Deal

Hold the champagne, folks. This week’s China/US deal is more about a change in tone between the world’s two biggest economies – thank goodness they’re not slapping more tariffs on each other! - than a landmark change in substance. The high walls of US and Chinese tariffs built in recent years will largely remain intact, and few economists are predicting the deal will significantly boost the growth prospects for a slowing US economy. As the New York Times noted this morning, the likes of New Zealand will still face the trade barriers imposed by the Trump administration during the recent rounds of fighting. More>>

 

PGF Kaikōura $10.88M: Boost In Tourism & Business

The Provincial Growth Fund (PGF) is investing $10.88 million to boost business and tourism opportunities in Kaikōura, Parliamentary Undersecretary for Regional Economic Development, Fletcher Tabuteau announced today. More>>

ALSO:

Whitebaiting: Govt Plans To Protect Announced

With several native whitebait species in decline the Minister of Conservation Eugenie Sage has today released proposals to standardise and improve management of whitebait across New Zealand. More>>

ALSO:

Education: Resource For Schools On Climate Change

New resource for schools to increase awareness and understanding of climate change... More>>

ALSO:

In Effect April: New Regulations For Local Medicinal Cannabis

Minister of Health Dr David Clark says new regulations will allow local cultivation and manufacture of medicinal cannabis products that will potentially help ease the pain of thousands of people. More>>

ALSO:


RNZ: New Year Honours: Sporting Greats Among Knights And Dames

Six new knights and dames, including Silver Ferns coach Dame Noeline Taurua and economist Professor Dame Marilyn Waring, have been created in today's New Year's Honours List. The list of 180 recipients - 91 women and 89 men - leans heavily on awards for community service, arts and the media, health and sport.
More>>

ALSO:

Gordon Campbell: On What An Inquiry Might Look Like

Presumably, if there is to be a ministerial inquiry (at the very least) into the Whakaari/White Island disaster, it will need to be a joint ministerial inquiry. That’s because the relevant areas of responsibility seem to be so deeply interwoven... More>>

ALSO:


 
 
 
 
 

LATEST HEADLINES

  • PARLIAMENT
  • POLITICS
  • REGIONAL
 


 

InfoPages News Channels