what we don't need more of
I am mixed on this, as reported by 3 News.
"The cost to taxpayers of playing our part in reducing global carbon emissions has more than doubled to an estimated $110 billion. But Maori will get a special deal - it's the price for Maori Party support of the Government's Emissions Trading Scheme."
The deal will see Maori foresters pay nothing to grow trees on Department of Conservation land, which can be harvested and sold for carbon-credit profits. In return, the Maori Party will support the ETS.
Five of New Zealand's richest iwi will gain millions more in the deal.
The deal is essentially compensation for iwi who claim the Crown did not tell them the forests they gained in treaty settlements would be devalued by an emissions trading scheme.
DOC has already earmarked conservation land for planting trees, but it wants commercial foresters to pay for the land. Iwi leaders want it for free, and to retain ownership over the trees for later sale.
"It makes great sense," says Dr Smith. "This is about finding a win-win where New Zealand gets the benefit of getting additional trees being planted, iwi are able to benefit from some of the carbon credits."There is no getting around the fact that iwi were going to be the losers and this concession goes some way to compensating for that. But i can't help worry when I see Dr Smith look so happy.