Government cancels annual ETS charge for forestry – RNZ 14 June 2024

Summarised by Centrist 

The New Zealand government has cancelled the annual service charges for forestry under the Emissions Trading Scheme (ETS) for 2023-24. Forestry Minister Todd McClay announced the decision at the Fieldays in Waikato, aiming to provide immediate relief and certainty to forest owners amid concerns about excessive costs. 

The government is also planning initiatives to bolster the forestry sector, including increasing wood processing and opening new export markets.

Read more over at RNZ

^{Image: Ted McGrath}