FORESTRY

Taupo to Benefit From Full Service Carbon Company 'Co2 New Zealand'

Thursday 26 August 2010, 8:27AM
By Tukia Group
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Today CO2 New Zealand announced expansion of its carbon forestry program into the Taupo catchment. The company is seeking expression of interest from anyone considering carbon development.

Greg Adlam, Chief Executive Officer of CO2 New Zealand said the company is keen to work alongside landowners to advance long-term forest carbon sinks and carbon markets in New Zealand.

"CO2 New Zealand will tailor carbon purchase and risk management arrangements to the particular needs and wants of individual landowners.

"We appreciate that, for landowners, the benefits from carbon and nitrogen can be significant. This is why we offer a premium product that benefits all parties involved.

"We also understand the risks from deforestation and complicated scheme compliance need to be worked through. This is something we offer alongside our long term carbon off take contracts," says Adlam.

Landowners are invited to receive CO2 New Zealand's disclosure statements and Landowner Carbon Data Sheet, or get a second opinion about other carbon arrangements they may be considering.

CO2 New Zealand manages a large portfolio of carbon assets and structures arrangements for emitters with compliance obligations under the New Zealand Emissions Trading Scheme.

CO2 New Zealand is a specialist carbon forest developer and carbon credit manager formed earlier this year by the majority shareholders, the iwi-owned Tukia Group and leading Australian carbon asset developer CO2 Group. The company has been working with Central North Island landowners to establish sustainable carbon projects.

CO2 Group is a leader in the market and the region's largest carbon forester and has been active in global carbon markets since 2004.

Contact for landowners: landowner@co2newzealand.co.nz or post documentation to CO2 New Zealand, P O Box 12-8077, Auckland 1541

ENDS

More about Tukia Group

Tukia Group was created by and for the Central North Island Iwi Collective to promote and develop large scale commercial interests. Tukia Group is owned by six iwi: Ngati Tuwharetoa, Ngai Tuhoe, Raukawa, Ngati Whare, Ngati Manawa and Ngati Rangitihi. Tukia is governed by a Board of Directors that includes representatives from each of these iwi.

Tukia Group have been engaged with a variety of both pre 1990 and post 1989 forest owners to aggregate their carbon assets. Total Maori land in New Zealand is estimated to be approximately 820,000 hectares (or 3% of New Zealand). It is estimated that approximately 600,000 hectares of this land is 'undeveloped', with the majority being in the North Island. Tukia Group works with the owners of these assets to develop large, long-term commercial enterprises.
More about CO2 Group

CO2 Group is Australia's largest provider of dedicated carbon sink plantings. CO2 Group Limited specialises in the commercialisation of business opportunities within the environmental sciences sector. CO2 Group's first major initiative has been the formation of a leading socially responsible investment company - CO2 Australia.
CO2 Group's CO2 AUSTRALIA™ Carbon Sequestration Program focuses upon opportunities for above average shareholder returns by developing a series of products based upon forest carbon sinks for the provision of carbon credits.