Why carbon price is key to forestry worth billions
15 Apr 2016
Carbon prices will need to hit $35 a tonne by 2017 or forest owners will quit the Emissions Trading Scheme, leaving New Zealand unable to meet its emissions reductions targets, an expert is warning.
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Forestry ... an industry that could be worth billions |
On the other hand, if the Government gets the review of the ETS right, the export of New Zealand forestry carbon credits could become a major industry - so major, that an investment of $1.5 billion could produce a profit of $6.7 billion a year, says Christchurch forestry consultant Owen Springford.
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Story copyright © Carbon News 2016
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