The New Zealand forestry sector's experience in providing carbon sequestration services under the New Zealand Emissions Trading Scheme, 2008 to 2012

The New Zealand government established the New Zealand Emissions Trading scheme (NZ ETS) as the primary mechanism for achieving New Zealand's Kyoto obligations between 2008 and 2012. The legislation made planted forests the first sector to participate in the NZ ETS, starting in 2008. At the same time, other schemes to encourage carbon sequestration through forestry were also implemented.