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Bennett supported by forest owners at New York signing

FOREST OWNERS ASSOCIATION
Media release
16 April 2016

Bennett supported by forest owners at New York signing

Forest owners say the formal adoption of the Paris climate change agreement in New York Friday [22 April] will potentially have great benefits for both plantation and natural forests world-wide.

Climate change minister Paula Bennett will be in New York to sign the agreement along with representatives from 130 other countries.

Forest Owners Association president Peter Clark says getting signatures on the agreement is yet another step in a long journey. The agreement will come into force once it has been ratified by 55 countries – representing at least 55 per cent of global emissions.

“This may take a few years, but in the meantime, New Zealand is able to continue with emissions reduction at home. An important part of that is encouraging the planting and replanting of plantation forests, because of their ability to absorb and store carbon from the atmosphere,” he says.

“Aside from the environmental benefits, forestry is one of the least cost ways we have for reducing emissions. Also if forest owners could rely on a steady income from carbon credits it would help reduce the impact of volatile international log and lumber markets on their businesses.”

Mr Clark says he is heartened that the government has signalled it will make the existing emissions trading scheme (ETS) do its job, by putting a meaningful price on carbon.

“Minister Bennett has said the clock is ticking on the one for two subsidy enjoyed by emitters. She is also reviewing whether emitters should have unfettered access to international units,” he says.

Mr Clark says the Paris agreement recognises that if the world is to address climate change, it is vital to encourage plantation forestry and to protect and restore natural forests. As part of this, our ETS rules need to put a value on the carbon stored in wood products.

“This is an important issue for the Wood Council, which points out that global rules have recognised carbon in wood products since the 2011 Durban conference.

“At present the NZETS rules assume that all the carbon in a log is emitted at the moment of harvest. Clearly that’s not the case. Every wood-framed house in the world is a carbon store.”

He says the FOA is a member of the International Council of Forest and Paper Associations (ICFPA). Its members have achieved an impressive 5% reduction in their greenhouse gas emissions intensity since 2010/2011 and 17% since 2004/2005.

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