Carbon Market, Sales and Carbon Forestry

Domestic prices for NZUs has strengthened marginally since last month in line with slight firming of CERs. However the prospect of a big increase on the supply side from pre-1990 forest allocations, fisheries and trade-exposed industries is keeping price expectations down.

Domestic trading remains relatively light.

PF Olsen recently transacted a sale of aggregated NZUs from seven separate forest owners. The purchaser was a large NZ company.

Agrifax is reporting current pricing of $18.35/NZU up from $18.25/NZU last month.

FAO (the Food and Agriculture Organisation of the United Nations) has released a new report titled "Impact of the global forest industry on atmospheric greenhouse gases". The report outlines the global roundwood production, pulp and paper, and wood processing industry's contribution to climate change mitigation and aims to raise the industries' profile in international negotiations on global warming. So for those readers interested in such things, here's some detailed reading – the report comprises 72 pages.