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Kyoto Protocol - carbon sequestration rights.
Authors: C. FollasPublication: New Zealand Journal of Forestry, Volume N.Z.J.For. 2001, Issue N.Z.J.For. 46(4) 2002, pp 24-28, Jan 2002
Publisher: New Zealand Institute of Forestry
Abstract: This article gives a brief overview of the United Nations Framework Convention on Climate Change and the Kyoto Protocol and New Zealand's obligations under the Protocol should it ratify the Protocol and the sections of the Protocol that relate to forestry. In particular, the article looks at carbon sinks and the creation of a carbon credit trading system and state legislation in New South Wales and Victoria creating legal carbon sequestration rights. This article does not in any way address whether New Zealand should or should not ratify the Protocol or whether this is a good or bad thing for the forestry sector but rather sets out a couple of examples of different legal structures dealing with carbon sequestration rights already in existence which New Zealand may or may not follow.