NZ relies too heavily on low-cost forests to absorb CO2: report

Posted: 09 May 2024

Fears that New Zealand is relying too heavily on low-cost forests to absorb its carbon dioxide emissions have been reignited by a report from the OECD.

The OECD's economic survey says this country is unique in allowing unlimited tree planting to meet its climate goals, instead of slowing emissions.

The report echoes a warning from the Climate Change Commission that under current policies, companies may have no incentive to address the root cause of the climate change.

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