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Decision trees: Forestry in the New Zealand Emissions Trading Scheme post-2020

Author

Listed:
  • Sandra Cortés Acosta

    (Motu Economic and Public Policy Research)

  • Arthur Grimes

    (Motu Economic and Public Policy Research)

  • Catherine Leining

    (Motu Economic and Public Policy Research)

Abstract

In June 2020, the New Zealand Government passed the Climate Change Response (Emissions Trading Reform) Amendment Act 2020 (ETR Act) to reform the architecture of the New Zealand Emissions Trading Scheme (NZ ETS). As a result of the ETR Act, from 1 January 2023, post-1989 forest land will be classified either as standard post-1989 forest (stock change), standard post-1989 forest (averaging) or permanent post-1989 forest. This paper collates information for obtaining New Zealand Units from these three forestry activities via the NZ ETS and summarises the most recent decisions regarding forestry-related accounting methods and operational changes to the NZ ETS.

Suggested Citation

  • Sandra Cortés Acosta & Arthur Grimes & Catherine Leining, 2020. "Decision trees: Forestry in the New Zealand Emissions Trading Scheme post-2020," Working Papers 20_11, Motu Economic and Public Policy Research.
    • Handle: RePEc:mtu:wpaper:20_11
    as

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    File URL: https://motu-www.motu.org.nz/wpapers/20_11.pdf
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    References listed on IDEAS

    as
    1. Thomas Carver & Patrick Dawson & Suzi Kerr, 2017. "Including Forestry in an Emissions Trading Scheme: Lessons from New Zealand," Working Papers 17_11, Motu Economic and Public Policy Research.
    2. Eric Karpas & Suzi Kerr, 2011. "Preliminary Evidence on Responses to the New Zealand Forestry Emissions Trading Scheme," Working Papers 11_09, Motu Economic and Public Policy Research.
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    Cited by:

    1. Arthur Grimes & Sandra Cortés Acosta, 2021. "Permanent forest investment in a climate of uncertainty," Working Papers 21_04, Motu Economic and Public Policy Research.

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    More about this item

    Keywords

    Forestry; emissions trading scheme; climate change; environment; New Zealand; indigenous forest; exotic forest;
    All these keywords.

    JEL classification:

    • H23 - Public Economics - - Taxation, Subsidies, and Revenue - - - Externalities; Redistributive Effects; Environmental Taxes and Subsidies
    • Q54 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Climate; Natural Disasters and their Management; Global Warming

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