Government and sector to improve Forestry ETS Registry

The Government has announced the establishment of a Forestry Sector Reference Group to drive better outcomes from the Forestry Emissions Trading Scheme (ETS) Registry.

The establishment of the Reference Group follows an independent review of the operational costs of the forestry ETS Register announced earlier this year.

Forestry Minister Todd McClay says “Forest owners have raised concerns about the excessive costs that had been imposed upon them by the previous Labour government who put a $30.25 per hectare annual levy for participation in the Registry.

I agree with the sector that this cost is unreasonable - the Reference Group is part of our response to reduce costs and drive greater efficiency.”