NZ ETS Settings Hold Steady Amid Shortfall Warning
The Climate Change Commission has recommended maintaining the current New Zealand Emissions Trading System (NZ ETS) settings but warns of a potential unit shortfall as early as 2028.
Dave Read says the Climate Change Commission report heavily relies on forest planting to offset emissions.
OPINION: Dear Ministers Nash and Shaw,
The Climate Change Commission (CCC) has presented a report with a lot of rhetoric about the importance of reducing gross emissions.
However, it heavily relies on forest planting to offset emissions, while we delay tackling transport, yet again. There is no mechanism suggested to limit the surge in exotic afforestation unleashed by higher carbon prices under the ETS. The Government is very happy at the unexpected low cost of the actions proposed by the CCC.
Late last year, Te Uru Rakau released the report Economic Impacts of Forestry in NZ by Price Waterhouse Cooper (PwC). This report maintains that forestry is a better land use than sheep and beef farming on our hill pastures, producing more direct employment and a better economic outcome for NZ. This report is deeply flawed.
The acting director general of Te Uru Rakau has refused to withdraw this report, so I have taken a case to the Ombudsman.
Here is a summary. Points 1 & 2 together mean that the reality is that sheep and beef farming generates more direct employment per 1,000ha, not less.
In brief:
I am happy to supply the documents that support my assertions or discuss this issue further.
Dave Read
RD 3
Wairoa 4193
Farmlands has reported higher operating earnings and a profit before income tax of $4.5 million, up 118.9%, for the year ended 30 June 2026.
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OPINION: Political parties are getting plenty of advice and recommendations from sector groups as the election approaches.
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For Canterbury dairy farmer Cameron Henderson, supporting Meet the Need comes down to a simple question: how can the success of New Zealand farming benefit more than just those within the industry?