Native forests that began regenerating prior to 1990 are excluded from the ETS. This opens opportunities for voluntary schemes independent of Government.
In a recent article, I wrote how carbon credits are not created equal. This inequality is now leading to game-playing and confusion across society. Terms like ‘greenwash’ as the carbon equivalent of a ‘whitewash’ are increasingly heard and there is increasing talk of ‘hot air’ carbon claims.
Since writing that article, I have been wrestling with the challenge of further deepening my own understanding of how the carbon game is being played. It is a game where different players are playing by different sets of rules, as are the certifying referees. Many of the certifying rules are far from transparent.
Here in this article my focus is specifically on the rules surrounding sequestration that removes carbon from the atmosphere. That leaves other aspects of the carbon rules for another time. . .
Better free trade outcomes an illusion – EU politician – Sam Sachdeva:
EU trade committee chair Bernd Lange argues the grouping’s trade deal with New Zealand is a “gold standard” agreement – even if Kiwi farmers disagree. Lange spoke to Sam Sachdeva about China’s coercive trade practices, cracking down on forced labour, and how the Ukraine invasion has changed attitudes on trade
Even a typically miserable Wellington spring day can’t shake the good mood of European parliamentarian Bernd Lange.
Speaking to Newsroom at the end of a week-long visit to New Zealand, Lange says the grey skies and rain remind him of his roots in northern Germany – although his cheer may be more down to the free trade agreement between the European Union and New Zealand he is here to discuss.
Lange visited New Zealand in late 2017 for a “fact-finding mission” with other members of the European Parliament’s international trade committee which he chairs. . .
The South Island dairy company Synlait Milk is back in the black as its ingredients division saw higher than normal sales, while its major customer rebalanced inventory levels.
Key numbers for the 12 months ended July compared to a year ago:
- Net profit $38.5m vs $28.5m loss
- Revenue $1.66b vs $1.37b
- Total average payment $9.59 vs $7.82
- Forecast 2023 payout $9.50 per kilo of milk solids
Synlait chair John Penno said the past year was “an important period of refocusing”. . .
A new organic, low-cost, safe, sustainable and long-life battery being trialled by Fonterra, could support greater energy security and distributed electricity generation for New Zealand.
PolyJoule, a Massachusetts Institute of Technology (MIT) spin-off, is partnering with Fonterra on the application of the battery made from electrically conductive polymers, an organic based compound with the ability to act like metal.
Late last year the world’s first industrial scale organic battery was installed on a Fonterra farm at Te Rapa. The battery was cycled daily, supporting dairy shed operations for 10 months. The Co-op is now moving this battery to its Waitoa UHT site, which can be impacted by power disturbances leading to downtime and waste.
Fonterra Chief Operating Officer Fraser Whineray says as a significant electricity user at about 2.5% of the national grid, a sustainable and secure electricity supply is vital to the Co-operative’s local sales and exports. . .
Primary sector exporters recently returned from a visit to India are excited about the opportunities for a closer partnership between the two countries, however they are urging the New Zealand Government to adopt a more flexible and focused approach to trade.
New Zealand’s agriculture exporters and industry bodies, including representatives from the red meat, kiwifruit, apples & pears and dairy sectors, were part of an India New Zealand Business Council (INZBC) delegation which coincided with a visit from Trade Minister Damien O’Connor.
“India has come out of COVID-19 with growing confidence and strength, and its leaders have a clear focus on accelerating economic growth including through trade,” says INZBC chair Earl Rattray, who has dairy interests in India.
“India is on track to become the world’s third largest economy within the next decade. There is a modern economic miracle unfolding there, with an openness to explore mutually beneficial ways to strengthen trade relationships. This is a good time for New Zealand business to embrace India.” . .
The Ministry for Primary Industries (MPI) is supporting NZ Young Farmers (NZYF) to fund a series of events for NZYF members as part of an initiative to improve the wellbeing of young people in rural communities.
MPI is contributing funding for the events, which will offer a channel for young people across the country to connect and learn ways to manage mental health and build resilience.
NZ Young Farmers Chief Executive Lynda Coppersmith says mental health is a key concern in rural communities, where factors such as isolation and high workloads can impact overall wellbeing and mental health.
“The mental and physical wellbeing of young people is a big focus of our organisation and is essential for the ongoing viability of many rural communities,” says Lynda Coppersmith. . .