Queensland Timber Industry Concerns about Carbon Trading

Members of Queensland’s forestry industry will meet in Brisbane today to discuss the potential benefits and pitfalls of the plan which the Government wants to start in 2010. They feel it could change the face of their business.

Timber Queensland’s chief executive officer Rod McInnes says they have to consider the consequences of participating in the scheme. He went on to say that “There is a whole new opportunity to get more trees in the ground and more forest cover and more carbon storage and in turn provide more timber products,” he said. “The downside is that if the market for carbon is unconstrained and goes crazy we could end up with it being more attractive to leave a tree unharvested. That would mean the available resource to convert to timber may diminish.”

Mr McInnes says “It’s a very interesting balancing act … and I’m not expecting that the Government’s going to call what the carbon price will be up-front, but it’s an issue where we need to understand what those variables are going to be so we can make the right policy decisions,” he said.

Personally I would have thought that incentives to leave old growth forest intact would be good for the environment

Technorati Tags: Queensland, timber industry, carbon trading, Brisbane

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This entry was posted on Sunday, August 10th, 2008 at 4:41 am and is filed under Global Warming, Climate Change & Energy. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.