New Carbon Market

6 September 2007
New Zealand forest owners have welcomed the establishment by TradeMe of a carbon trading market backed by a robust registry which ensures buyers and sellers can be confident about who owns the emission units being traded.
“It could allow free market, low-cost transactions between forest growers and emitters who require offset credits. But clearly the final shape of government policies on credits in Kyoto complaint forests will determine whether this potential is realised,” says NZFOA chief executive David Rhodes.
“The decision by government to implement an emissions trading scheme has provided an opportunity to reconsider how forestry might contribute to New Zealand’s climate change obligations.
“The Government will be releasing its new climate change policy for consultation later this month. An enlightened climate change policy, in contrast to the proposals released for discussion last year, could stimulate considerable activity in this area. With credits come obligations, but forest owners have always accepted this and are merely seeking recognition of the positive role that they can play.”

CHH Properties Sold in Lease Back Deal

The Australian listed company Valad Property Group is buying a portfolio of retail depots and packaging plants operated by Australasian paper packaging and building supplies company Carter Holt Harvey Ltd (CHH) in a deal worth A$277.3 million.
The sale and leaseback arrangement provides Valad with strategically-located assets and long-term income from a blue chip tenant. Carter Holt Harvey is a private company owned by New Zealand businessman Graeme Hart. Included are 15 CHH retail warehouse depots in New Zealand, 10 packaging plants and the former CHH head office property in Auckland.
(NZ Pine Manufacturers Association newsletter)

New Export Arrangement at Weyerhaeuser

There have been changes in Weyerhaeuser Australia's export program. Gerret Springer, manager, international sales and marketing, after more than 12 years with Weyerhaeuser Australia, has left the company to start a new timber exporting company International Timber Solutions Pty Ltd.
International Timber Solutions will be supported by an exclusive export arrangement with the
Weyerhaeuser Australia Group. From 1 August, all sawn and dressed timber products manufactured by Weyerhaeuser Australia and Green Triangle Forest Products, and that are destined for the export market, will be sold direct to International Timber Solutions.
Staff members from Weyerhaeuser’s export team will join Springer at International Timber Solutions.
(NZ Pine Manufacturers Association newsletter)

If you would like to submit a news item to be considered for inclusion on Inwood Today, please email the text to: Australia, Jim Bowden, and all other countries to info@inwoodmag.com

All news on this site is compiled by Inwood Today and may be subject to international copyright.
News Archives