The council has voted to assess and register eligible forestry for the Emissions Trading Scheme, including exotic commercial forestry blocks. There were hugs for Rachel Sanson after her successful bid to get all eligible council forestry registered for carbon trading. Initially, the council was assessing only its native forestry blocks, about 27 hectares’ worth of forestry, for registration in the Emissions Trading Scheme (ETS). Sanson said registering eligible land was a way to address the lack of financial benefit she perceived for ratepayers in the council’s commercial forestry ventures. Councillor Tim Skinner spoke against the proposal because he was “a little bit cynical of a carbon credits system”, especially for a mature forest.

Source: Stuff November 23, 2021 22:55 UTC