Consultation opens on reducing Forestry ETS annual charge

The Government has started consultation on a 50 per cent reduction to the annual charge for forest owners participating in the Forestry Emissions Trading Scheme (ETS) Registry.

The new annual charge would begin in the 2024/25 financial year and stay in place until a full review is conducted after the current emissions reporting period.

Consultation on the new annual charge runs for three weeks. It covers the reduced annual charge and adjustments to the Climate Change (Forestry) Regulations 2022 for participants using the field measurement approach during the 2023–25 period.