You own a forest. You have heard about the government's new Emissions Trading Scheme (ETS) but it seems very complicated. There is a huge amount to read and absorb. Do you stand to gain or lose anything from carbon trading? If so, how much? What are the costs? What are the risks? You have decisions to make. What is the best thing to do, and by when? This article may be first step in answering some of these questions. It has been checked for errors of fact by some key MAP staff. Do not blame them, however, if there are some mistakes — although the scheme has already started, the details are still being worked through. Most importantly, the amendments and regulations to the Climate Change Response Act have not yet been approved and may yet undergo modification, and there is as yet no post-2012 'Son of Kyoto' international agreement. At the recent indecisive conference in Bali it was agreed to postpone the all-important details for two years — until after the US presidential election.
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