Government confirms reduction to Forestry ETS annual charge

Posted: 17 Dec 2024

The Government has today confirmed a 50 per cent reduction to the annual charge for forest owners participating in the forestry Emissions Trading Scheme (ETS), Forestry Minister Todd McClay announced.

The decision follows consultation on amendments to the Climate Change (Forestry) Regulations 2022, which proposed to reduce the annual charge from $30.25 per hectare per year to $14.90.

Read more on Beehive.