The credits are rolling for pre-1990 forests

By Shoshona Goodall, an environmental law specialist at Duncan Cotterill Lawyers

Owners of exotic forests planted before 1990 have no choice but to participate in the Emissions Trading Scheme. The penalty regime for these forests has been in force since 2008 and it is important that landowners understand both their obligations and their choices. There is acompensation plan for the owners of these older forests with NZUs (the equivalent of one tonne of carbon captured) being issued by the Government and able to be sold. But if you don't claim, you won't gain (and may have to pay). Read full article here.

Shoshona Goodall is an environmental law specialist, with a particular interest in the ETS, at national and trans-Tasman law firm Duncan Cotterill. S.goodall@DuncanCotterill.com

Disclaimer: the content of this article is general in nature and not intended as a substitute for specific professional advice on any matter and should not be relied upon for that purpose.

Links referenced

Read full article here.: http://www.duncancotterill.com/index.cfm/3,159,642/pre-1990-forests-web.pdf
S.goodall@DuncanCotterill.com: mailto:S.goodall@DuncanCotterill.com

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