Impact on profitability, risk, optimum rotation age and afforestation of changing the New Zealand emissions trading scheme to an averaging approach

Bruce Manley

Forest Policy and Economics, 2020, vol. 116, issue C

Abstract: The current New Zealand Emissions Trading Scheme (ETS) allows forest growers to earn units under the stock change approach. Carbon price risk means that most participants are only trading safe units that they do not need to surrender after harvest provided that they replant. Consequently, the ETS has provided less incentive for afforestation than had been envisaged.

Keywords: Emissions trading scheme; Carbon trading; Land expectation value (LEV); Afforestation (search for similar items in EconPapers)
Date: 2020
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Citations: View citations in EconPapers (2)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:forpol:v:116:y:2020:i:c:s138993411930677x

DOI: 10.1016/j.forpol.2020.102205

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