A carbon market jolted by policy changes is wiping value from Treaty settlement forests and forcing iwi to ask whether the Crown is undermining assets meant for future generations.
Government and opposition politicians at Waitangi last week.
What is at stake? Treaty settlement forestry assets tied to carbon unit prices, with iwi leaders warning billions in value has been erased by policy-driven volatility.
Background After sharp price falls following ETS policy announcements, iwi leaders have pressed ministers for stability and better engagement with Māori.
Main players Donna Awatere Huata speaking at the Iwi Chairs Forum, John Bishara of Lake Taupō Forest Trust, Climate Change Minister Simon Watts, Te Kapunga Dewes of Ngā Pou a Tāne.
A presentation at last week’s Iwi Chairs Forum at Waitangi landed like an axe.
Former Act MP Donna Awatere Huata stood before iwi leaders and laid out a figure that drew the air from the room. She said $2.335 billion of value has been wiped from Māori holdings in the Emissions Trading Scheme over
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Key points
What is at stake? Treaty settlement forestry assets tied to carbon unit prices, with iwi leaders warning billions in value has been erased by policy-driven volatility.
Background After sharp price falls following ETS policy announcements, iwi leaders have pressed ministers for stability and better engagement with Māori.
Main players Donna Awatere Huata speaking at the Iwi Chairs Forum, John Bishara of Lake Taupō Forest Trust, Climate Change Minister Simon Watts, Te Kapunga Dewes of Ngā Pou a Tāne.
