Climate change

Carbonz resumes trading with creators standing by their credibility

Ian Llewellyn
Wed, 06 Jul 2022

Carbonz resumes trading with creators standing by their credibility
Measuring the carbon absorption of native forest is key to new carbon credits credibility. (Image: Depositphotos)
Ian Llewellyn
Wed, 06 Jul 2022
Full trading on Carbonz has resumed after questions about the credibility of the carbon units on offer were raised last week.Carbonz is an attempt to set up a voluntary certified carbon credit trading scheme the public can take part in.It is offering two types of units.One is for a form of New Zealand units (NZUs) which qualify under the government’s emissions trading scheme (ETS) as a carbon credit and are verified as coming from native forest by Carbonz. The second is a native CarbonCrop unit (CCU) – the equivalent of absorbi...

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