Posted: 12 Oct 2021
A BDO report on the future of carbon farming on the East Coast warns that, if land is left in unharvested pine, “once the forest matures the forests will have negative returns for future generations”.
In 100 years, the grandchildren of today's owners would be losing money on the land - the carbon income would have dried up, but annual overheads such as rates and insurance would go on, said the report. The unprofitable forest could not be chopped down without repaying the carbon credits, the report said.
“The land would be worthless on sale as the ETS liability attached to the land would far exceed the land value.”
Read more of the Stuff article here.