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NZ Carbon Farming Celebrates Forest Development Milestone

Scott Downs and Rob Lawrence from PF Olsen attended a function marking the purchase of the 415 hectare Kiernan Creek forest by New Zealand Carbon Farming (NZCF) last February. This forest, which will function as a permanent forest sink, is part of a portfolio of more than 3,000 hectares of post-1989/Kyoto forests which New Zealand Carbon Farming owns and intends to manage as permanent forest sinks.

NZCF has another 9,000 hectares of farm land earmarked for cabon farming and it intends to plant more than 20,000 hectares of new forests over the next five years.

The company also leases 15,000 hectares of post-1989/Kyoto registered under the ETS, managing the carbon credits for more than 50 forest owners.

The company's objective is to efficiently manage carbon sequestration and NZU surrender obligations via a multi-age forest portfolio and utilising long-term off-take agreements with emitters. In doing so, it can offer innovative products and services to a range of forest owners and green house gas emitters (see here for full article).