MEDIA RELEASE 29 August 2008
For immediate distribution
First Publicly-Displayed Credits On TZ1 Registry
TZ1, together with GreenAir Ltd, announce the first carbon credits to be publicly listed on TZ1's Registry (viewed on
www.tz1market.com).
The credits are Verified Emission Reductions (VERs) from New Zealand forest activities. The parcel of units (1.6 million
tCO2e) has been consolidated from a number of forest owners.
TZ1 has recently opened the TZ1 Registry's Public View site for public viewing of carbon credits.
This facility is available for any Registry participants who choose to display publicly their credits registered, and
credits retired.
Helen Robinson, Chief Executive, TZ1 Registry says the listing represents an important milestone for the company, "as
the voluntary carbon market evolves, customers are seeking transparency, and buyers authenticity, of carbon credit
ownership and origination."
"TZ1's new on-line Environmental Markets Registry is the first component of the fully integrated financial market
infrastructure that TZ1 will provide to the market." The registry supports transacting in high quality voluntary carbon
credits and environmental certificates and through a credible, externally audited retirement facility, enables companies
to retire those units permanently.
GreenAir's Chairman and Executive Director Himanshu Dua says using a reputable carbon registry for voluntary carbon
trades is essential to minimise risks for buyers and ensure the environmental integrity of the transaction.
"GreenAir has chosen to use TZ1 as its preferred carbon registry due to its high status as one of only four carbon
registries globally to be accredited for the Voluntary Carbon Standard, which confirms the quality of the registry and
superior capabilities of TZ1's service offering."
Mr Dua is confident of achieving a successful outcome from VER offer, and considers it represents a good opportunity to
educate the global market of the quality of New Zealand forestry credits.
"GreenAir believes VERs from New Zealand forest activities compare favorably with other VERs on the international
market, based on the New Zealand Government's decision to award compliant credits for forest projects under the
Permanent Forest Sink Initiative and include forestry in the proposed Emissions Trading Scheme, the first country in the
world to do so.
"GreenAir is working to educate the international market about the high quality of New Zealand forestry carbon credit
projects, which will ensure the forest owners we represent achieve maximum returns for their voluntary and complaint
credits."
GreenAir has a registered client base of forest owners in New Zealand representing 200,000 ha of forestry and as well as
the VER parcel, is currently finalising forward sales of compliant Assigned Amount Units (AAUs) to be generated from
forestry projects under the Permanent Forest Sink Initiative.
ENDS