December 2019 Newsletter: ETS and Carbon Update
2019 has been a year of changes for the ETS. In this newsletter we summarise those which are most relevant to our forest and woodlot-owning clients:
Averaging and its implications: how the introduction of averaging spells good news for anyone considering new planting on Post 1989 land, and why longer rotations have suddenly become more attractive..
A new Permanent Post-1989 Forests category – a new option from 2021 onwards for growers who have, or want to create, forests they never intend to harvest. These could include natural reversion, planted native or exotic species, or plantings predominantly for soil conservation such as spaced poplars and willows.
Implications for older and second rotation forests, and why owners of older forests not yet registered in the ETS should consider entering as soon as possible.