Conclusion
The Government has not yet taken decisions on the detail of a sinks management system that might apply in New Zealand, but it will need to do so if New Zealand is to ratify the Kyoto Protocol.
This paper sets out a discussion of two key issues:
- who should own sink credits, and
- who should have responsibility for greenhouse gas emissions from forestry
The paper also maps out some broad proposals for a practical system to manage sinks.
Comments are invited on all aspects of sinks management during the current consultation process. Feedback received will help the design of more detailed proposals in 2002.
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