The February issue of the Journal contained a paper by Robert Hughes and Paul Molloy on the costs for small-scale forest owners in participating in New Zealandís emissions trading scheme (ETS), concluding that the high risk and high costs make participation by small-scale forest owners unattractive and disincentivise forest investment. Yet small-scale forest owners, including many farmers, made a significant contribution to New Zealandís post-1989 sequestration of carbon. This issue continues the theme of carbon, forestry and New Zealandís use of the ETS to meet its international climate change obligations. (no keywords)
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