New South Wales, Australia, has no plans to create carbon sink plantations, Forests NSW land management, forestry services director says timber remains core business

Wendy Lisney

Wendy Lisney

Nov 4, 2011 – Friday Offcuts

DUNEDIN, New Zealand , November 4, 2011 () – ABC Rural reports that the NSW Government's forestry operators have no plans for creating carbon sink plantations under the current regulatory and market conditions. Their five-year-old carbon sequestration business earns around AU$3 million a year from the softwood and hardwood plantations established on former farmlands since 1990.

But Dr Ross Dickson, from Forests NSW, says timber remains the core business. "Potentially there could be a time when there are dedicated carbon forests that aren't actually grown for timber (and are) simply there for sequestering carbon, but I think that is still a little way off." Dr Dickson says market prices fluctuated for the carbon offsets from AU$12 per tonne five years ago to AU$3 per tonne now.

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