MEDIA RELEASE PR40965
Taupo to Benefit From Full Service Carbon Company 'Co2 New Zealand'
WELLINGTON, New Zealand, Aug. 26/Medianet International-AsiaNet/ --
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 AUSTRALIAT 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.
Media contact: Greg Adlam,
CEO,
CO2 New Zealand Limited Partnership,
Phone: +64 21 546 269
Email: greg.adlam@co2newzealand.co.nz
SOURCE: CO2 New Zealand Limited Partnership
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