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New Zealand's forestry sector agrees to drop legal action over ETS fees, backing the government's support measures.
New Zealand's Minister of Forestry, Todd McClay, has welcomed the forestry sector's decision to drop legal action over fees under the Emissions Trading Scheme (ETS).
The fees were imposed by the previous Labour government.
McClay's government has reduced ETS registry costs by 50% for forest owners and formed a reference group to find further savings, aiming to support the sector's role in meeting export and climate goals.
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El sector forestal de Nueva Zelanda está de acuerdo en retirar la acción legal sobre las tasas de ETS, apoyando las medidas de apoyo del gobierno.