1 day ago

New Zealand Carbon Forestry Boom Reshapes Rural Farming Communities

New Zealand Carbon Forestry Boom Reshapes Rural Farming Communities
A carbon-credit land rush is hollowing out New Zealand farm country · theprint.in

New Zealand farmers can plant pine trees and earn carbon credits as the trees grow.

Companies buy those credits to balance some of their pollution.

This has made planting forests more profitable than raising sheep and cattle in some areas.

As a result, some farms have been sold and changed into forests.

Residents say this can mean fewer animals, jobs, families and community services.

They also report problems with pests, power lines and storm debris.

Supporters say forests help New Zealand meet its climate goals and provide jobs and export income.

Critics say the country may be using forests instead of cutting pollution directly.

The government says forestry is only one part of its climate plan.

Key facts

Approved carbon-credit forest
Nearly 9,000 square kilometers
Sheep and beef land converted since 2017
About 3,300 square kilometers
Grazing-land price increase
9.7%, according to Real Estate Institute of New Zealand data
Foreign-acquired farmland for forestry conversion
More than 1,000 square kilometers since 2017
Forestry export earnings
About NZ$6.5 billion annually
Red meat export revenue
Around NZ$12 billion annually
Climate target contribution
The Climate Change Commission expects ETS forests to deliver one-quarter of reductions needed for 2026–2030 and nearly half for 2031–2035

Quotes

Fiona Ramsden

New Zealand farmer operating a sheep and beef farm near Pongaroa

“You’re connected to the land and that’s why it’s quite depressing to see good farmland — and to sheep and beef, good country — going into pine trees.”
theprint.in
“Once they go into forestry, it’s one less farm that can be bought.”
theprint.in

Sources

Related news