Emissions Trading Scheme: Plans for revamp to be released

National’s announcement scheme on farming emissions would measure emissions at the farm level from 2025, but farmers would only begin paying an emissions price in 2030. The ETS scheme is a government-run market where polluters buy credits for what they emit. But under the current settings, firms can buy credits from tree planting for cheaper than actually cutting back on pollution. The estimated amount of exotic forestry planted last year was 60,000 hectares, double what had been projected. It was likely the current settings would likely incentivise the establishment of a large volume of permanent exotic forests.