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New Zealand falls out of love with sheep farming as lucrative pine forests spread
(www.theguardian.com)
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Yes if its buried or made into heirloom furniture. Much ends up as paper, boxing and framing for concrete construction and burnt. Very little truly locks it away long term, so the rules are that you count it as emissions at harvest time. If someone buys that and provably buries it at the bottom of a cave forever, they can claim the carbon credits again.
Anything that goes into the framing of a building would be pretty permanent, at least on a human time scale.