Dr. Eugene Hendrick:

I thank the Senator for the clarification. It is not allowable under the emissions trading scheme to use forestry credits to make compliance. One can only trade allowances under the emissions trading scheme itself, or if one does not meet one's particular emission level one can trade off the balance. They are not allowable under the current effort sharing regulation and there is no provision in the new proposal currently under negotiation for forestry credits to be allowed under the emissions trading scheme.