One of the few remaining opportunities within the current ETS may be related to land reverting to indigenous species. There may also be potential for landowners considering establishing new native plantations, including manuka, to benefit from the ETS.
We advise anyone with large areas of reverting land or new native plantations to contact us for a full analysis of the ETS potential for this land.
The new ‘indigenous’ sequestration numbers when combined with potential revenues such as honey or managed grazing retirement, could appeal to many owners of phosphate deficient Class 6 and 7 hill country with a passion for returning land to its original forest state.
Is Your Reverting Land Eligible for the post-1989 ETS or PFSI?
In the top photo the reversion today is still in its initial stages or in gorse, and on 31 December 1989 it is likely the area would not already have been forest land under the ETS rules. As such, it will almost certainly be eligible for entry into the Emission Trading Scheme (ETS) or the Permanent Forest Sink Initiative (PFSI).
The bottom two photos show evidence that can be used to support an application: the size of forest species typically present (a manuka bush), their age (count the growth rings), and the location obtained by GPS – a process we use to help Clients and MPI with confirming land eligibility.