What is the Emissions Trading Scheme (ETS)?

The Emissions Trading Scheme (ETS) is the price-based mechanism established by Government to reduce our net greenhouse gas emissions and comply with the Kyoto Protocol obligations. The ETS is a key part of the Government’s climate change policy.  READ MORE …

 

What is Forest Land?

Under the ETS, forest land is defined as being at least 1 hectare with forest species that has, or is likely to have tree crown cover of more than 30% on each hectare. Forest land does not include land that will have an average width of less than 30 metres.  READ MORE …

 

What is Post-1989 Forest Land?

Post-1989 forest land is land that was established in forest after 31 December 1989, i.e. has had a conscious land use change from ‘non forest’ to ‘forest land’ on or since 1st January 1990.  READ MORE …

 

 

What is the Permanent Forest Sink Initiative (PFSI)?

An alternative to the ETS is the Permanent Forest Sink Initiative (PFSI). The PFSI promotes the establishment of permanent forests on previously unforested land.   READ MORE …

 

What is Pre-1990 Forest Land?

Pre-1990 forest is land that was in forest on 31 December 1989 and remained in predominantly exotic forest on 31 December 2007.  Old-growth indigenous forest is not subject to the rules of the ETS, and therefore not pre-1990 forest.  READ MORE …