Dale Prest has highlighted a key change needed in Nova Scotia’s recently announced plan to adopt Cap and Trade: “Prest says the province needs to implement the right cap-and-trade system, one that openly trades with markets in Ontario, Quebec and California. But the province has initially committed to creating their own system, with all the trading done within Nova Scotia, although they’re open to options.” See CH article Nov 23, 2016.
Prest believes that major financial benefits for woodlot owners and rural communities could be realized and that opening the market up would prompt a move “From one [a forest industry] that rewards a low cost of production that results in clear cutting, to one that rewards maintaining and growing a healthy forest as possible.” Continue reading
In an Op-ed titled “A contractor’s perspective on forestry”, Calvin Archibald, president of Next Generation Forest Management Ltd. argues that while forestry in Nova Scotia is high risk (“We have been a supplier to StoraEnso, Julimar, MacTara and New Page, all of which failed to survive in Nova Scotia.”), professionally managed, it is valuable, diverse and sustainable.