The acknowledgement by the Government that current policies will likely see too much carbon forestry planted, along with the opening up of a conversation for potential limits through the Emissions Trading Sceme, is being welcomed by Beef+Lamb NZ on behalf of sheep and beef farmers.
As AgScience reported yesterday, the Government has released a discussion paper, Transitioning to a low emissions and climate resilient future, which aims to help shape New Zealand’s emissions reduction plan.
B+LNZ says the paper notably contains a slight shift in how the Government is talking about the role of carbon-only exotic forestry in addressing climate change.
“We welcome the Government’s recognition that fossil fuel emissions must be reduced, rather than continually offset, to ensure a fair, equitable, and efficient transition to a low emissions economy,” says Sam McIvor, chief executive of Beef + Lamb New Zealand.
“The discussion document indicates any decision on changing the ETS rules would come by the end of 2022. We’re concerned that’s not fast enough given the scale and pace of land conversion happening.
“What we need is urgent action to adjust the ETS to limit the amount of carbon forestry offsets available to fossil fuel emitters. New Zealand is the only country with a regulatory ETS that currently allows 100 percent carbon forestry offsetting. We will be putting forward potential policy solutions as part of this process.” Continue reading