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Forum: Why must New Zealand adopt the limitations of the Australian CPRS, asks EITG's Richard Hayes

Friday 6 Nov 09 9:00am

Cabinet minutes from the September 14 have some sobering news for forest owners thinking of selling credits off shore by converting NZU units to international government compliance assigned amount units (AAU) units.

They read “that it be clearly communicated to the forestry sector that it is New Zealand’s intention to harmonise with the Australian Carbon Pollution Reduction Scheme, if it eventuates, and that therefore the exporting of forestry units cannot be assured in the future”.

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Related Topics: Emissions trading | Forestry | Tax

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