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Impacts of the revised Emissions Trading Scheme on potential demand for carbon credits from new forest planting
Authors: Euan G. MasonPublication: New Zealand Journal of Forestry, Volume N.Z.J.For. 2009, Issue N.Z.J.For. 54(4) 2010, pp 12-15, Jan 2010
Publisher: New Zealand Institute of Forestry
Abstract: The amended Emissions Trading Scheme (ETS) will very likely create a large demand for offsets, either as New Zealand emission units (NZUs), CERs or "greened" Assigned Amount Units (AAUs), and if a significant proportion of these are sourced domestically then this will require new forest planting. New Zealand is currently very dependent on new forest planting to help balance its greenhouse gas (GHG) accounts, and so impacts of our ETS on demand for carbon credits, known in the New Zealand ETS as New Zealand emission units (NZUs), are important. The forestry sector can help mitigate climate change by sequestering carbon dioxide and also by providing more climate-friendly products and energy, but it is the provision of NZUs that offers some recompense for the carbon storage service that growers of forests provide.
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