No country has previously attempted to include either agriculture or forestry in an emissions trading system. The New …

, the forestry industry and forest profitability; discussion of land-use decision making, including the central question of … what influences conversion of farmland to forestry; and forest carbon ecology. Part II moves on to normative analysis of …

, mandatory participants in a greenhouse gas (GHG) emissions trading scheme (ETS), the NZ ETS. Carbon sequestration by forestry … describes the policy changes to the NZ ETS since 2008 that directly affect forestry; assesses the effectiveness of the scheme …; explores who is benefiting from it; and outlines issues facing forestry in the NZ ETS moving forward. We find that forest …

, and evaluate the importance of the forestry component of the ETS relative to the agricultural component. We also examine … the effect of land-use change on the time profile of net emissions from the forestry sector. Our projections for the mid … approach 20 percent of national inventory agricultural emissions in 2008. Most of this is driven by the reward for forestry …