Carbon Forest Services Founder and Managing Director Ollie Belton gives Dom an update on the ever-evolving landscape of New Zealand's carbon market.
Following the Government's alignment with the Climate Change Commission's advice, Belton says there is now more stability, with carbon credit prices rising to around $60-$63.
He highlights the upcoming December auction, with 11 million units for sale at a floor price of $64, as crucial, with any unsold units cancelled, further stabilising the market.
Belton also highlights the reduction in forestry conversions due to policy changes, with a significant drop in new plantings.
With reduced government-supplied units and a focus on the secondary market, he is excited about the opportunities abound for foresters and farmers to sell at higher prices, setting the stage for a sustainable future.
Listen to the full chat between Ollie Belton and Dominic George above.
To check out more episodes listen to the REX Podcast anytime on your favourite streaming platforms including Spotify, Apple Music and Rova.
Visit the Rural Exchange Facebook or Instagram page for more information and regular updates from the REX team.
