Press Release – The Value Add Company
The ValueAdd Company has today released a Smartphone version of the pre-1990 forest deforestation Lookup Tables calculator (www.4calcs.com/ets/deforest.htm). It can be downloaded as an Android App or used via the URL.Deforestation Lookup Tables as an Android Application
19th October 2011
The ValueAdd Company has today released a Smartphone version of the pre-1990 forest deforestation Lookup Tables calculator (www.4calcs.com/ets/deforest.htm). It can be downloaded as an Android App or used via the URL.
“In 2008 we launched the first online version of the Climate Change (Forestry Sector) Regulations 2008 Look-up Tables and this brings us up to date with technology. As a result, users will be able to access the information anywhere in the world from their Smartphone” says a spokesman.
Under the Climate Change legislation, owners of pre-1990 forested land were automatically participants in the Emission Trading Scheme (“ETS”) from 1 January 2008 unless they owned less than 50 hectares and had applied for an exemption by 30 September this year. Being part of the ETS means that pre-1990 forested land must remain as a Kyoto compliant forest for ever unless carbon credits are purchased to offset any deforestation. In the Waikato/Taupo area, for example, the deemed emissions from the deforestation of 30 year old trees would be 816 tonnes per hectare or just under $11,500 at the latest market price of $14.05 per tonne ($20,400 at the $25 per tonne price the Crown would sell at).
To compensate pre-1990 forested land owners for the loss of their land, long term owners of pre-1990 forests are entitled to claim 23 NZU’s per hectare by 30 November this year and theoretically another 37 NZU’s after 31 December 2012 unless there is a change in the offsetting rules in any successor to the Kyoto Protocol. The ValueAdd Company does not expect there to be any allocation in the second commitment period two (CP2).