Government forestry policies costly mistake, say owners
17 Jun 2008
New Zealand’s national carbon accounts could be up to $1.5 billion worse off in the second commitment period of the Kyoto protocol than if the Government’s policies had encouraged levels of new plantings consistent with those of the 1990s, according to financial modelling by Peter Clark, climate change spokesman for the New Zealand Forest Owners’ Association and chief executive of PF Olsen Ltd.
Clark estimates that New Zealand could be $500 million worse off in the first commitment period.
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Story copyright © Carbon News 2008
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