Forestry And
The ETS

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Forestry and the Emissions Trading Scheme

In January 2008, the Emissions Trading Scheme (ETS) began for forestry and required forest owners to differentiate whether their forests had been planted before or after 1990.

Emission regulations do not affect forests that existed before 1990 and they are not part of the ETS carbon minimisation policy. However forests planted after 1990 are determined to be part of the carbon sink and are regulated.

Common terms and acronyms you will find associated with the Emissions Trading Scheme are;

ETS

Emissions Trading Scheme.

CP1

Commitment Period 1.

NZU

NZ Unit, a carbon credit equal to 1 tonne of CO2 equivalent.

AAU

Assigned Amount Unit. An international carbon credit equal to 1 tonne of CO2 equivalent.

CER

Certified Emissions Reduction. An international carbon credit equal to 1 tonne of CO2 equivalent.

Sequestration

The act of a forest absorbing atmospheric carbon through the process of photosynthesis.

PFSI

Permanent Forest Sink Initiative. A project that promotes the establishment of permanent forests on previously unforested land.

FMA

Field Measurement Approach. The measurement of Carbon in order to derive a forest specific table.