Newsflash

Emissions trading scheme cleared for takeoff

The New Zealand Government’s planned Emissions Trading Scheme (ETS) is set to pass into law after coalition partners came out in support of the climate change measure, in spite of qualms about some aspects. 

Announcing her party’s support, Green Party Co-Leader Jeanette Fitzsimons said in a statement that the caucus had decided that substantial changes to the ETS the party had won justified voting for it. 

Revenue from the ETS would be recycled into a billion dollar fund to make New Zealand homes warm, dry and cost-effective to heat.

"To avoid locking New Zealand into old technology, there will be a contestable pool of credits for firms with new technologies that help set our economy on a low carbon path. Rules around allocation of free credits will be tightened so that not all firms will get 90 per cent if they don't need them,” she said.

Another support party, New Zealand First, has also weighed in behind the ETS, giving the government the necessary mandate to have the measure go through parliament.

Earlier, the Kyoto Forestry Association called for the Green Party to back the legislation so the thousands of New Zealanders who invested their own savings to plant trees in the 1990s can secure the estimated NZ$1.6 billion of carbon credits promised to them by all parties in Parliament. 

KFA spokesman Roger Dickie said in a statement that the KFA agreed with the Greens that there were serious flaws in the Bill but that the provisions for post-1989 forestry would provide new confidence and investment to plant new forests. 

“Getting tree planting underway again is the most important contribution New Zealand can make to reducing the world’s net carbon emissions and to reduce New Zealand’s billion-dollar Kyoto deficit. 

“There is an urgent need for government to recreate investor confidence to drive new planting, as getting trees in the ground will hugely benefit New Zealand's carbon accounts in Kyoto’s post-2012 era, all at nil cost to the taxpayer,” Dickie said.

Earlier entry of agriculture and improvements to the treatment of pre-1990 forest owners would also help to generate investment in new planting, he said.
 
Southem Home arrow Southem Publications arrow Southern Hemisphere Forestry Industry Journal arrow Southern Hemisphere Forest Industry Journal Vol 13 No 2 - June 2007
Southern Hemisphere Forest Industry Journal Vol 13 No 2 - June 2007 Print E-mail

Focus: Vision of a new bio-era
Simon Potter has a vision and his perspective could help change the shape of forests and forest products as we know them. Instead of viewing trees as most of us do, his vision is of trees being developed for use firstly in biorefineries and then for the more traditional pulp and paper and solid wood products.
Meanwhile, in Argentina, Diego Parisi is working on behalf of a Canadian company to develop a range of biofuel plants to utilise a vast piles of wood residues.  Although the two men are world's apart, their work has a common theme - looking at new and different ways to better utilise the vast plantation grown forest resources of the Southern Hemisphere.  In this edition of the Journal, we focus on the new era of "bio" products dawning.

Market Reports focus on margins
Forest product exporters in the Southern Hemisphere are facing a series of special challenges: just as product demand increases, the value of their currencies rise against the US dollar, international sea freight rates increase and available space on ships tightens.
Exporters are reporting that margins are slim and even though demand is strong across many product lines, prices are not high enough to counteract external factors.
These and other issues are discussed in our Markets section, which includes new listings of key figures from Southern Hemisphere countries.

Markets:
Strong currencies, freight rates slice margins

The Southern Hemisphere Pine Price Index

Detailed figures from key Southern Hemisphere lumber and pulp producing countries 

US lumber imports from Southern Hemisphere countries

NZ MAF's log prices and export log sales

ORDERS AND SUBSCRIPTIONS 

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