INDEPENDENT NEWS

Forest Sinks And The Kyoto Protocol

Published: Tue 17 Jul 2001 11:03 AM
Monday, 16 July 2001
The Government today released an information document on forest sinks and the Kyoto Protocol as part of its efforts to improve understanding of climate change issues.
A forest sink is a growing or expanding forest that absorbs and stores carbon. Sinks help mitigate climate change because CO2 is removed from the atmosphere, where it would otherwise contribute to global warming.
Under the Kyoto Protocol New Zealand would receive “sink credits”, based on the carbon in forests planted since 1 January 1990 on previously non-forested land.
New Zealand’s "Kyoto forests" are expected to remove approximately 113 million tonnes of carbon dioxide equivalent over the protocol’s first commitment period of 2008-2012. Sink credits could generate significant revenue for New Zealand in international carbon trading.
The information document explains forest sinks and presents the first discussion of how a system to manage New Zealand’s forest sinks might operate.
"This document is an important step to help the forestry sector's involvement in the development of New Zealand’s domestic climate change policy for forest sinks," said Pete Hodgson, Convenor of the Ministerial Group on Climate Change.
"Formal consultation on a system to manage New Zealand’s forest sinks is due to begin in August, following publication of a further discussion document detailing the Government’s policy options."
The information document provides opportunity for feedback by 10 August 2001.
Climate Change negotiations in Bonn this week are likely to provide more detail on the Kyoto Protocol rules that will govern forest sinks.
Ends

Next in New Zealand politics

Wellington’s Water Woes Reflect National Problem
By: Water New Zealand
National’s Economic Plan For 2020 And Beyond
By: New Zealand National Party
Abortion Legislation Bill Report Presented To The House
By: Abortion Legislation Committee
New Report A Pathfinder For Affordable Housing
By: Local Government NZ
Sallies Issue “Can Do Better” Report Card In Election Year
By: Salvation Army
Wellington Water Infrastructure 'in Crisis', Councillor Says
By: RNZ
Wellington Would Struggle For Enough Water To Fight Fires Post-quake
By: RNZ
Unsustainable water use calls for warning
By: Wellington Water
Core infrastructure renewal must take priority
By: Wellington Chamber Of Commerce
Speech: National’s Economic Plan For 2020
By: New Zealand National Party
Bridges: Over-hyped And Under-delivered
By: New Zealand Government
ACT’s Ideas Needed To Make National’s Vision A Reality
By: ACT New Zealand
A Checklist For Economic Reform
By: ACT New Zealand
New Political Poll Shows National Scraping Into Power And NZ First Out Of Parliament
By: RNZ
Bridges’s economic ambitions underwhelming
By: New Zealand Taxpayers' Union
View as: DESKTOP | MOBILEWe're in BETA! Send Feedback © Scoop Media