New Zealand's Forestry Minister Todd McClay cancels annual service charges for the forestry Emissions Trading Scheme (ETS) in 2023/24.
New Zealand's Forestry Minister Todd McClay announces the cancellation of annual service charges for the forestry Emissions Trading Scheme (ETS) in 2023/24. Previously, the sector criticized the costs as excessive and unreasonable. The decision follows an independent review that identified issues in the previous government's settings, and McClay aims to restore sector confidence by removing the annual charge while maintaining specific service payments.
June 13, 2024
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