14.09.2015 - Foresters bailing out of ‘failed’ ETS scheme
Whatever happened to the emissions trading scheme? When the ETS was introduced in 2008 it was sold to the New Zealand public as the country taking responsibility for its carbon emissions under the Kyoto Protocol and making an international commitment to reduce those emissions by 2020. Initially, forest owners embraced the scheme with both hands, actively encouraged by the Government to register their forests and claim the annual carbon credits they were entitled to. The scheme allowed owners of forests planted since the Kyoto Protocol baseline year of 1990 to annually claim for carbon credits equal to the amount of carbon stored by their trees each year...............................................Full Article: Source
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