Is the new-zealand wool industry bound to disapear?
Because of the country’s strategy to achieve net reduction in emissions, the rising demand for carbon credits and plummeting international wool prices, an increasing number of farms are being converted into pines plantation.
If the transition is indeed lucrative for farmers, experts raise the alarm on the environmental benefits of this massive pine monoculture expansion, coming along with “huge social and cultural loss, dissolving rural communities”.
Could the combination of traditional sheep farming and insetting carbon projects be a good deal?
The situation is complex, and will undoubtly challenge wool sourcing in the coming years.
