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ETS participants reminded of upcoming deadlines
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Business Scoop » ETS Participants Reminded Of Upcoming Deadlines
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Source: Ministry for Primary Industries
Te Uru Rākau – Forestry New Zealand is seeking feedback on proposed amendments to the New Zealand Emissions Trading Scheme (ETS) Forestry Regulations that it hopes will encourage new planting of both indigenous and exotic forest.
These latest proposals follow an initial round of public consultation on amendments that was held from November 2019 to January 2020.
Director Forestry and Land Management Oliver Hendrickson says Te Uru Rākau has been considering feedback and worked with forestry experts to refine the proposals relating to the approach to carbon accounting for forestry.
“The proposals provide options for how the new ‘averaging accounting’ method will work for new post-1989 forests that register with the ETS,” Mr Hendrickson says.