New Zealand is currently reviewing how its forestry sector can contribute to meeting its long-term climate change goals and what this means for its Emissions Trading System (NZ ETS). A recent paper by researchers at Motu Economic and Public Policy Research and the Environmental Defense Fund sheds light on New Zealand's innovative treatment of forestry in the NZ ETS, its impacts to date and questions about where to go from here. To help inform future policy decisions in New Zealand and elsewhere, the research team examined patterns of emissions pricing behavior in the New Zealand forest sector. While the NZ ETS has mobilized new forest planting and reduced deforestation, the results have not always supported policymakers' intentions. Further policy changes will be needed to help New Zealand meet its climate targets by 2050 and beyond. (Suzy Kerr)