However, the differences in the story are mainly in relation to the other land-use opportunities that are foregone as a result of carbon farming, rather than the carbon farming itself. This is for pastoral land that fits the carbon farming regulatory environment. The publication last week in the New York Times of an article on New Zealand carbon farming provides further evidence that this is now an industry of international interest. Fundamental to that perspective is that pastoral farming provides export income, whereas carbon farming is an internal industry providing climate credits for fossil-fuel use, with this generating no export funds. It is the carbon credits earned in the first 16 years rather than the prospective value of the timber that is driving this process.

Source: Stuff August 15, 2022 23:24 UTC