POST-1989 INDIGENOUS OPPORTUNITIES
New Indigenous Forest Look Up Table.
The new ‘indigenous’ sequestration numbers when combined with potential revenues such as honey or managed grazing retirement, could appeal to many owners of phosphate deficient Class 6 and 7 hill country with a passion for returning land to its original forest state.
Initially MAF were allocating the equivalent of three carbon units per hectare for indigenous forest growing on Post-1989 eligible forest land through either the ETS or PFSI.
As a result of further work confirming NZ Indigenous sequestration trends, these numbers will have increased significantly from October 2010.
The table below discusses potential carbon volumes and returns for carbon sold from effectively ‘reverting’ eligible land. The accrual figures come from the MAF ‘look up’ tables for Indigenous Forest and can be found on the MAF web site.
| Years since planting or since regeneration began) | Cumulative Sequestration | Annual carbon sequestration/Yr | Indicative value/Ha/Yr. @ $20.00/Unit | Comment |
| 1 | 0.6 | 0.6 | $12.00 | Eligible land that reverts after the 1st January 1990 is able to accrue carbon credits under either the Emissions Trading Scheme (ETS) or the Permanent Forest Sink Initiative (PFSI).The historic rate of 3 units/Ha/annum has been changed to reflect the additional growth available in the first 40 years of a block’s reversion.
The columns to the left indicate what the carbon sequestration (based on the new MAF tables) is:
i.e. at age ten years, the tables indicate that
|
| 2 | 1.2 | 0.6 | $12.00 | |
| 3 | 2.5 | 1.3 | $26.00 | |
| 4 | 4.6 | 2.1 | $42.00 | |
| 5 | 7.8 | 3.2 | $64.00 | |
| 6 | 12.1 | 4.3 | $86.00 | |
| 7 | 17.5 | 5.4 | $108.00 | |
| 8 | 24 | 6.5 | $130.00 | |
| 9 | 31.6 | 7.6 | $152.00 | |
| 10 | 40.2 | 8.6 | $172.00 | |
| 11 | 49.8 | 9.6 | $192.00 | |
| 12 | 60.3 | 10.5 | $210.00 | |
| 13 | 71.5 | 11.2 | $224.00 | |
| 14 | 83.3 | 11.8 | $236.00 | |
| 15 | 95.5 | 12.2 | $244.00 | |
| 16 | 108.1 | 12.6 | $252.00 | |
| 17 | 120.8 | 12.7 | $254.00 | |
| 18 | 133.6 | 12.8 | $256.00 | |
| 19 | 146.3 | 12.7 | $254.00 | |
| 20 | 158.7 | 12.4 | $248.00 | |
| 21 | 170.9 | 12.2 | $244.00 | |
| 22 | 182.6 | 11.7 | $234.00 | |
| 23 | 193.9 | 11.3 | $226.00 | |
| 24 | 204.7 | 10.8 | $216.00 | |
| 25 | 215 | 10.3 | $206.00 | |
| 26 | 224.6 | 9.6 | $192.00 | |
| 27 | 233.7 | 9.1 | $182.00 | |
| 28 | 242.2 | 8.5 | $170.00 | |
| 29 | 250.1 | 7.9 | $158.00 | |
| 30 | 257.5 | 7.4 | $148.00 | |
| 31 | 264.3 | 6.8 | $136.00 | |
| 32 | 270.6 | 6.3 | $126.00 | |
| 33 | 276.3 | 5.7 | $114.00 | |
| 34 | 281.6 | 5.3 | $106.00 | |
| 35 | 286.5 | 4.9 | $98.00 | |
| 36 | 290.9 | 4.4 | $88.00 | |
| 37 | 295 | 4.1 | $82.00 | |
| 38 | 298.7 | 3.7 | $74.00 | |
| 39 | 302 | 3.3 | $66.00 | |
| 40 | 305.1 | 3.1 | $62.00 |
Is Your Reverting Land Eligible for the post-1989 ETS or PFSI?
In the top photo the reversion today is still in its initial stages or in gorse, and on 31 December 1989 it is likely the area would not already have been forest land under the ETS rules. As such, it will almost certainly be eligible for entry into the Emission Trading Scheme (ETS) or the Permanent Forest Sink Initiative (PFSI).
The bottom two photos show evidence that can be used to support an application: the size of forest species typically present (a manuka bush), their age (count the growth rings), and the location obtained by GPS – a process we use to help Clients and MAF with confirming land eligibility.