New Zealand is getting closer to finalizing an audacious plan to plant 1 billion trees over the next 3 years.
An additional $240 million will be set aside for the project, bringing the total budget to $485 million. This is inline with New Zealand’s efforts to target net zero emissions by 2050, and planting 1 billion trees could be incorporated into a cap-and-trade, or emissions trading scheme (ETS) program.
“The ETS has a vital role to play in New Zealand meeting its climate change targets, but the way it currently operates means it’s not doing that,” Jones said. Getting the ETS right could drive the planting of 340 million trees over the next 10 years – double the amount that would be planted if the ETS was left in its current state. This is one of the most important levers the Government has to incentivise the planting of trees to help reach our Billion Tree programme’s goals.”
New Zealand has framed the tree planting initiative in social uplift terms, according to Stuff. Jones, the forestry minister, said that the trees will help to rehabilitate degraded environments, help wildlife thrive, and provide around 1,000 jobs.
“We’re aiming to encourage the planting of natives, trees for erosion control, and environmentally-focused planting – all ensuring we have the right tree in the right place for the right purpose”.
New Zealand currently has a run-of-the-mill emissions reductions target under the Paris climate agreement. The country is trying to lower 2005 emissions levels by 30% in 2030.
Mass tree planting is definitely a hot and popular topic these days, which other governments and organization, with the Philippines recently requiring students to plant 10 trees before they can graduate.
Story via Stuff.