Changes to Kyoto last straw for forest owners
8 May 2008
Recent changes to the government's emission trading scheme mean forestry will be the only sector in the NZ economy meeting its Kyoto obligations until 2011, says the NN Forest Owners Association in a statement.
"Owners of forests planted before 1990 are already facing grossly unfair Kyoto taxes of $40,000 a hectare or more if they change land use. The value of their forest land has fallen through the floor as a result.
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