NZ COMPANY SETS UP CARBON TRADING REGISTRY
09.8.07 - Leído 104 veces. Enviar esta notaA New Zealand company is establishing a carbon trading registry in anticipation of the development of a carbon trading market
WELLINGTON, New Zealand; September 8, 2007.- The service, known as Regi and being developed by electricity market operator M-Co, would track and record the ownership of verified carbon units.
“This is a bit of an experiment into how much willingness is out there to trade carbon, and we’ve just tried to make it as simple as possible to create that liquidity,” said Neil Pennington of M-Co.
Pennington said the registry, which is not tied to any carbon trading platform, would look to become an officially sanctioned registry.
The New Zealand government has previously said it is working on a “cap-and-trade” carbon trading scheme for reducing greenhouse gases. An announcement on the details of the scheme is expected within a few weeks. The move coincided with state-owned power company Meridian Energy holding the country’s first carbon credits auction on the New Zealand’s most popular Internet auction site, Trade Me, www.trademe.co.nz
Meridian has put three small blocks of carbon credits up for auction on Trade Me, and the company said its aim is to gauge the level of interest in small parcels of carbon credits.
M-Co operates the country’s wholesale electricity market as well as an unregistered share trading platform.
The New Zealand stock market operator, NZ Exchange Ltd is leading a consortium that is looking to establish a carbon trading market, which it hopes would serve the Asia Pacific region.
A carbon market allows countries or companies to buy or sell rights to emit greenhouse gases, as allowed under the Kyoto Protocol on global warming.
A market for carbon credits already exists in Europe, administered by the European Commission.
(Reuters)
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