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flag New Zealand cuts forest owners' annual fees by 50% in emissions scheme, effective January.

flag New Zealand's government has confirmed a 50% reduction in the annual fee for forest owners in the Emissions Trading Scheme (ETS), lowering it from $30.25 to $14.90 per hectare per year. flag The move, effective January 2025, aims to rebuild confidence in the forestry sector and support its role in meeting emissions targets. flag The reduction follows concerns over increased costs imposed by the previous government.

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