10 January 2012
The value of the global carbon market climbed 4% in 2011, despite dramatically lower prices in the largest market in Europe, according to analysis by Thomson Reuters Point Carbon.
Forestry News
Bikes bring more money than wood from Rotorua forest
17 January 2012
The economic value of mountainbiking in Rotorua's Whakarewarewa Forest has been estimated at five times its annual timber revenue and looks set to increase as promotions raise awareness of what is on offer.
Hot air carbon credits banned
22 December 2011
Climate Change Minister Nick Smith has announced that Certified Emission Reduction units (CERs) from HFC-23 and N2O industrial gas destruction projects are now banned from New Zealand’s Emissions Trading Scheme (effective 23 December 2011).EU carbon price rockets 30% on set-aside vote
21 December 2011
The European Parliament’s environment committee has voted to cut the supply of EU carbon allowances, causing the carbon price to climb as high as €9.75, a 32% increase on Monday’s close.
Increase in new forest planting
20 December 2011
About 12,000 hectares of new plantation forests are likely to have been planted this year, driven largely by the Emissions Trading Scheme.Log-truck death spurs call 'to lift game'
15 December 2011
A judge has called for a "quantum culture change" among logging truck drivers on forestry roads after the death of a Taupo bushman. Mark Reynolds was killed in April when a logging truck, travelling on the wrong side of the road, slammed head-on into the ute in which he was a passenger.Durban outcome secures the future of the ETS
14 December 2011
Observers have welcomed the surprisingly positive outcomes of the UN climate talks in Durban, but cautioned that several blanks remain to be filled in. Among them, the emission reductions New Zealand and Australia will commit to when Kyoto 1 comes to an end on 31 December 2012.Upper Hutt mill the latest to close
9 December 2011
Ranex Group, a privately owned company based in Christchurch, is closing the Upper Hutt sawmill operated by its subsidiary Eurocell Limited. Potentially useful plant from the mill will be stored at its remaining operation in Nelson.Does Durban matter?
2 December 2011
The 2011 United Nations Climate Change Conference is now underway in Durban, South Africa. The likelihood of parties managing to make progress on a successor or extension to the current Kyoto protocol appears slim to zero.