Update – 6 October 2022
From 14 March to 22 April 2022, the Government consulted on proposals to exclude exotic forests from permanent forestry in the New Zealand Emissions Trading Scheme (NZ ETS).
Cabinet has made final decisions on this proposal and agreed to redesign the permanent forestry activity to better support the Government’s objectives for forestry.
The Government also consulted on whether to adjust how carbon accounting applies to forests on remote and marginal land. Cabinet agreed that further consideration of a long rotation option will be undertaken alongside work on the future design of permanent forestry in the ETS.