Native forests that began regenerating prior to 1990 are excluded from the ETS. This opens opportunities for voluntary schemes independent of Government.
In a recent article, I wrote how carbon credits are not created equal. This inequality is now leading to game-playing and confusion across society. Terms like 'greenwash' as the carbon equivalent of a 'whitewash' are increasingly heard and there is increasing talk of 'hot air' carbon claims.
Since writing that article, I have been wrestling with the challenge of further deepening my own understanding of how the carbon game is being played. It is a game where different players are playing by different sets of rules, as are the certifying referees. Many of the certifying rules are far from transparent.
Here in this article my focus is specifically on the rules surrounding sequestration that removes carbon from the atmosphere. That leaves other aspects of the carbon rules for another time.
In New Zealand, the dominant sequestration rules to date have been those of the Emission Trading Scheme (ETS). However, that could now be changing with the emergence of voluntary certification schemes with potential for local and international certification outside of any official system. Read more of this post
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