Articles tagged with Trading Scheme
New Zealand Government Passes Bill to Protect Farmland and Forestry in Climate Change Response
1 week ago | 103 viewsThe Government passed the Climate Change Response (Emissions Trading Scheme Forestry Conversions) Amendment Bill to prevent wholesale conversion of farmland to pine forests, aiming to balance food production and Emissions Trading Scheme (ETS) confidence. Key changes include limits on exotic forestry registrations for productive farmland, flexibility for farmers to convert up to 25% of land to forestry, and provisions for Māori-owned land. The Bill aims to support rural economies, create jobs, and ensure ETS credibility, with a review planned for 2028 to assess effectiveness.
Tags: Todd McClay Simon Watts Government Climate Change Response Emissions Trading Scheme Forestry Conversions Agriculture Forestry New Zealand Land UseGovernment Takes Stand to Safeguard Farmland for Food Production with Climate Change Bill
3 months ago | 627 viewsThe Government has taken a major step towards protecting food production by ending the large-scale conversion of productive farmland into pine plantations, with the first reading of the Climate Change Response (Emissions Trading Scheme—Forestry Conversion) Amendment Bill receiving unanimous support in Parliament last night. “This Bill is about protecting our most valuable land that grows food for export and sustains rural communities,” Agriculture and Forestry Minister Todd McClay says. “For too long, ETS incentives have driven the wrong outcomes for our rural sector.
Tags: Climate change response Conversion New zealand Todd mcclay Trading scheme