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Carbon Forestry

Carbon Price

NZU price was relatively stable in February trading around $8 for the whole month but has fallen to below $7 this week.

Some post-1989 forest owners are taking advantage of these low prices and buying back NZUs they sold this time last year when prices were $20 to $21. This means they can book a pre-tax profit of $12 and retain the NZUs for surrender at harvest. If you are interested in this buy back option, PF Olsen can assist in the purchasing of NZUs, email colin.hercus@pfolsen.com.

Post-1989 ETS Registration Deadline

If you want to claim your post-1989 NZUs for 2008 to 2011 by the 31 March 2012, you need to get your forest registered before then. This deadline is for a voluntary emissions return. The final opportunity to claim your NZUs for 2008 to 2012 will require registration by the 31 December 2012. Despite low NZU prices, we are still seeing continued interest in post-1989 forest owners wanting to register into the ETS and MAF is still receiving a steady stream of applications. Many are registering for option value (claiming the 2008 to 2012 NZUs before they expire) and will decide at a later date if they should sell NZUs. If you require assistance to register, email colin.hercus@pfolsen.com.