Exotic forests like radiata pine may be excluded from the Emissions Trading Scheme. Forestry Minister Stuart Nash has released a discussion document seeking feedback to better manage afforestation. Minister Nash says the Government wants afforestation to help meet climate change targets, offset carbon emissions, and help farmers, landowners and investors diversify their income streams. From 2023, a new forest category will allow both exotic and indigenous forests to be registered in the ETS and earn New Zealand Units. But Stuart Nash says they are now proposing to exclude exotic species such as Radiata Pine from that category in order to encourage the right tree, in the right place, for the right reason. Increased plantings of radiata forests are being carried out on productive beef and sheep farms driven by higher returns from rising carbon prices and offsetting carbon footprints.
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