Emissions Trading Scheme Welcomed

WELLINGTON, New Zealand, July 6 /Medianet International-AsiaNet/ --

"Environmental Services Sector Provides Innovation"

Mr Greg Adlam, CEO for CO2 New Zealand, says his company is well positioned for the challenges faced by emitters as well as the new business opportunities that will be created under the NZ Emissions Trading Scheme(ETS).

"Compliance buyers will be matched with pools of New Zealand carbon credit Units (NZUs) to meet their ETS obligations either directly or through channels created by CO2 New Zealand." he said.

CO2 New Zealand, which was launched last month, is a partnership between carbon professionals with international linkages and Tukia Group, a commercial development company owned by six Central North Island Iwi.

CO2 New Zealand Chairman Andrew Grant said, "We welcome the start of the New Zealand emissions trading scheme and look forward to being able to present our combined skills to the purchasers of carbon credits in New Zealand.

"This new company benefits from many well-established strengths. Our local and international reach enables us to provide regulated emitters with short and medium term supply arrangements."

Mr Grant said his company's approach is to work alongside emitters and foresters to achieve complementary outcomes based on leveraging knowledge already gained in offshore markets.

More about CO2 New Zealand
CO2 New Zealand is a Limited Partnership between Tukia Group, Carbon & Energy Partners and CO2 Group Limited.

CO2 New Zealand will be based and operate solely in New Zealand as a developer, manager, trader and risk manager of physical and financial carbon assets. CO2 New Zealand will seek to be the premier reforestation company in New Zealand building on the success of CO2 Australia.

CO2 New Zealand will generate carbon credits in the form of NZUs and Assigned Amount Units (AAUs) for sale in both the New Zealand domestic market and international carbon markets.

CO2 New Zealand will facilitate investment from capital markets into carbon projects. Carbon projects will be developed on behalf of investors, or directly for organisations that require significant volumes of carbon credits to meet compliance obligations.

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