Update on the Voluntary Market

PF Olsen contacted a selected number of clients last year seeking approval to potentially involve them in a project aimed at crystallizing value out of their pre-Commitment Period 1 (CP1) carbon credits from post-1989 forests. These are the carbon units not covered, nor recognised, in the Emissions Trading Scheme (ETS).

We wish to make sure that all interested parties are aware that exhaustive research and dialogue domestically and internationally has resulted in our conclusion that it will not be possible to sell these carbon credits as voluntary emission reductions on the Voluntary Market.