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30 Mar 2024 17:24:53

Iwi hopeful exotics will remain in ETS

Posted: 11 Aug 2022

Two months ago, iwi which rely on the industry were threatening legal action and a Waitangi Tribunal claim over the proposal.

But it appears a compromise may be reached after a series of recent meetings.

With an estimated $7 billion in future earnings at stake for iwi forestry owners, it looked like the plan to cut pine trees from the Emissions Trading Scheme was heading to court.

Forestry Minister Stuart Nash said rather than a hard cut-off for pine, he was proposing more of a transition.

They would use exotic forests as a sort of nursery, with indigenous plants growing in between the pines until they could be cut away.

The plan would suit the vast majority, Nash said.

 

Read more on RNZ News.