Review launched into ETS costs

The government has launched an independent review of forestry Emissions Trading Scheme costs.

Forestry Minister Todd McClay said a review into the forestry component of the scheme register would ensure it was efficient and cost-effective.

"Up and down the country forestry owners have been raising concerns about the excessive costs that have been imposed upon them by the previous government.

"We have identified 22 fixed service fees including a $30 per hectare annual fee for participants into the forestry ETS register that forest owners are expected to pay."

The review would inform future decisions on funding the scheme regime forestry services, including the current revenue model, Mr McClay said.

"We are looking for assurance that the scheme’s operational costs are appropriate."