Field Notes, powered by KPMG, is a weekly news update on news nationally and globally from the agri-food sector.
NZ Carbon Farming has committed to planting 100,000 hectares to help New Zealand meet its Paris Accord promises. The private family-owned company already owns 73,000 hectares of forest and has announced it will plant 120 million trees. As a result, they will meet 20 percent of the country’s Paris commitments. Managing Director Matt Walsh reports that they only plant on marginal land that has no other productive purpose and that is erosion prone, so it will not affect the availability of productive farmland. Mr Walsh has reported that by planting on less than 0.5 percent of marginal land, the country can achieve 20 percent of its emissions targets. The Forest Owners Association has supported the proposal.
© 2020 KPMG, a New Zealand Partnership and a member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity. All rights reserved.
KPMG International Cooperative (“KPMG International”) is a Swiss entity. Member firms of the KPMG network of independent firms are affiliated with KPMG International. KPMG International provides no client services. No member firm has any authority to obligate or bind KPMG International or any other member firm vis-à-vis third parties, nor does KPMG International have any such authority to obligate or bind any member firm.