New Zealand Forestry: Delivering Climate Change Mitigation and Economic Returns
February 17, 2021
This edition of the GAI Webinar Series explores the economic and environmental benefits of investing in New Zealand forestry. New Zealand’s advantage in forestry is not only the relatively short, 27-year rotation, but the allocation of carbon credits (NZUs) to new plant forests for each metric tonne of carbon sequestered by the growing trees, under the Emissions Trading Scheme.
Che Charteris, Craigmore’s CEO, explains that “where cash flows from new forests were previously only received at harvest at around the 27-year mark, the sale of carbon credits allows the Partnership to make modest distributions to our investors at a much earlier stage. The recognition of the importance of forestry as part of addressing climate change has changed the economics of the sector”.
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Craigmore CEO, Che Charteris began with Craigmore in 2010, initially to build Craigmore’s first forestry business. Before Craigmore, Che was with the New Zealand Ministry of Agriculture and Forestry (MAF), focusing on trade relations and agricultural cooperation, including implementation of agricultural aspects of the NZ-China Free Trade Agreement, and managing New Zealand’s programme of agricultural cooperation with trading partners. He also had roles in three other central government departments, covering environmental regulation, competition regulation, and funding infrastructure projects. Che has built two significant forestry businesses with Craigmore.
Contact Che: Che.Charteris@craigmore.com
Head of Investor Relations, Nick Tapp joined Craigmore in 2013 to lead the Client Advisory team, based in London, after heading up the Agribusiness team for Bidwells, leading agricultural consultants in the UK. Nick brings with him farming expertise with a global perspective, having grown up in the West Highlands of Scotland, managed a large arable and vegetable farming business in Kent, and invested in central European agriculture. He sits on the Board of Magyar Farming Company, operating a large-scale diversified farming business in Hungary and, until 2014, Serbia and Ukraine. Nick recently served on the Potato Council, as a Director of the Oxford Farming Conference, and for 6 years sat on the Policy Committee of the Country Land and Business Association. He qualified as a Chartered Surveyor, is a Nuffield Farming Scholar, and a Fellow of the Royal Agricultural Societies. Nick is a Trustee of The Royal Agricultural Society of England, and a Trustee of the Society Pension Fund.
Contact Nick: Nick.Tapp@craigmore.com
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