ETS - CathNews New Zealand https://cathnews.co.nz Catholic News New Zealand Mon, 17 Jul 2023 04:42:03 +0000 en-NZ hourly 1 https://wordpress.org/?v=6.7.1 https://cathnews.co.nz/wp-content/uploads/2020/05/cropped-cathnewsfavicon-32x32.jpg ETS - CathNews New Zealand https://cathnews.co.nz 32 32 70145804 Maori landowners head to UN in bid to stop ETS changes https://cathnews.co.nz/2023/07/17/maori-landowners-head-to-un-in-bid-to-stop-ets-changes/ Mon, 17 Jul 2023 05:52:06 +0000 https://cathnews.co.nz/?p=161367 Maori landowners are flying to the United Nations in a last-ditch effort to stop changes to the Emissions Trading Scheme. The scheme forces polluters to offset their emissions by buying carbon credits. Planting trees creates those credits, which can then be traded. It's led to the creation of an industry of carbon farming which many Read more

Maori landowners head to UN in bid to stop ETS changes... Read more]]>
Maori landowners are flying to the United Nations in a last-ditch effort to stop changes to the Emissions Trading Scheme.

The scheme forces polluters to offset their emissions by buying carbon credits.

Planting trees creates those credits, which can then be traded. It's led to the creation of an industry of carbon farming which many Maori landowners rely on.

They say the Government's proposals could jeopardise the local carbon credit industry, which is worth an estimated $16 billion to the Maori economy.

Among those flying out to the UN is Penetaui Klescovic (Te Aupouri), who will be representing Te Aupouri landowners in the Far North.

The iwi is heavily invested in the planting of pine trees to earn money from carbon credits.

"The majority of that land is what you call marginal land and if we can't plant trees on there and realise that economic light then essentially, we're going to be condemned to poverty because the Government is making those changes to the ETS," he said. Continue reading

Maori landowners head to UN in bid to stop ETS changes]]>
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