The purpose of this paper is develop an industry-level (average) estimate of annual investment returns from industrial planted forests in New Zealand, from publicly-available financial statement data. The research used data from seven New Zealand commercial forest-growing companies, for the period...
Publisher
Now Publishers, Hanover, USA
Citation
Journal of Forest Economics, 2022, 37, 2, pp 185-198
Pureora Forest Park is one of the largest remaining and most ecologically and culturally significant areas of the native forest that once clothed almost all the North Island of New Zealand. Systematic logging and the establishment of sawmilling villages began in the Pureora area in the late 1940s....
Publisher
Elsevier Ltd, Oxford, UK
Citation
Ecological Economics, 2023, 204, Part A,
The arrival of the forest carbon sector over a decade ago heralded a new era in forest conservation financing. In New Zealand, the restorative reforestation of erosionprone rural landscapes and native forest habitats would be limited only by the appetite for carbon credits among carbon buyers and a ...
Publisher
New Zealand Institute of Forestry, Wellington, New Zealand
Citation
New Zealand Journal of Forestry, 2021, 66, 1, pp 12-17
A total of 22 forest valuers responded to the survey and provided information on 33 New Zealand and two Australian transactions in 2018 and 2019. The average reported implied discount rate (IDR) for the New Zealand transactions is in the range 3.2% to 8.5% for current rotation post-tax cashflows...
Publisher
New Zealand Institute of Forestry, Wellington, New Zealand
Citation
New Zealand Journal of Forestry, 2020, 65, 3, pp 15-24
The long-term management of natural capital is essential for the stable and resilient flow of ecosystem services for future generations facing climatic uncertainty. Understanding its resilience to extreme natural events, using biological principles, and integrating them into more holistic...
Author(s)
Monge, J. J.; McDonald, G. W.
Publisher
Elsevier Ltd, Oxford, UK
Citation
Ecological Economics, 2020, 176,
The current New Zealand Emissions Trading Scheme (ETS) allows forest growers to earn units under the stock change approach. Carbon price risk means that most participants are only trading safe units that they do not need to surrender after harvest provided that they replant. Consequently, the ETS...
Publisher
Elsevier B.V., Amsterdam, Netherlands
Citation
Forest Policy and Economics, 2020, 116,
The sequestration of CO2 in forests is often suggested as a means to offset greenhouse gas emissions. New Zealand's experience suggests the effects of government programmes to provide carbon credits to forest owners could be enhanced if forward markets, futures markets, or carbon-lending markets...
Publisher
Elsevier GmbH, München, Germany
Citation
Journal of Forest Economics, 2018, 33, pp 95-104
In the Hawke's Bay region erosion and sediment loss is a major environmental issue. A recent project looking at the potential for afforestation to control erosion has identified a range of tree species, forestry regimes, the potential economic and environmental returns of afforestation across the...
Author(s)
Palmer, D.; Harnett, M.
Publisher
New Zealand Institute of Forestry, Wellington, New Zealand
Citation
New Zealand Journal of Forestry, 2020, 65, 2, pp 3-8
In recent years, the concept of sustainable forest management has evolved into a number of Criteria and Indicators schemes that are designed to guide the practice of sustainable forestry. One such mechanism is the Montréal Process Criteria and Indicators, which identifies seven criteria and 54...
Author(s)
Gilani, H. R.; Innes, J. L.
Publisher
Elsevier B.V., Amsterdam, Netherlands
Citation
Forest Policy and Economics, 2020, 118,
The Emissions Trading Scheme (ETS) enacted in New Zealand in 2008 allows forest growers to claim units for carbon sequestered by new forests. As afforestation is an important contributor to New Zealand meeting net emission targets there is interest in forecasting the rate of afforestation,...
Publisher
Elsevier GmbH, München, Germany
Citation
Journal of Forest Economics, 2018, 33, pp 112-120