Carbon farmer appeals decision over MRP's $34.7 mln carbon credit bill

Thu, 24 Sep 2015

By Suze Metherell Sept. 24 (BusinessDesk) - New Zealand Carbon Farming, the country's largest supplier of post-1989 bulk carbon credits, is appealing a High Court decision which found in favour of Mighty River Power over a $34.7 million liability NZCF claims it's owed. The original case, heard by Justice Kit Toogood in the High Court at Auckland last November, centred on a change to the methodology for working out the amount of carbon credits produced by forests under the Emissions Trading Scheme (ETS). NZCF’s legal claim related to a dis...

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