Carbon trading gets going in New Zealand

15 Jun 2009 | Author: Chris Bianchi, newsbrief editor | Print version | Send to a friend

The first international trade of New Zealand forestry's Assigned Amount Units (AAUs) was completed Thursday

New York-based EcoSecurities purchased over 300 hectares worth of New Zealand forest from the New Zealand government-controlled Permanent Forest Sink Initiative (PFSI) Thursday, from which the company expects to sell Kyoto carbon credits. This marks the first successful international AAU purchase from the PFSI. EcoSecurities say they are already in talks with a major Japanese bank to sell the AAUs later this week.

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