Carbon credits sold to Europe

From carbon daily offset..

A Southland forestry company has secured its private investors a multimillion-dollar sale of carbon credits, after it recently closed a deal with an unspecified European government.

It is the third southern-based carbon-credit deal secured during the past 10-months.

Winton-based Independent Forestry Services (IFS) carbon services manager Mike Mitchell said the multimillion-dollar sale of carbon credits was a “first-of-its-kind” for a small privately owned company in the Otago-Southland forestry sector.

Pioneering carbon credit sales by large-scale corporate owners Ernslaw One and the Dunedin City Council’s forestry investments arm, Dunedin City Forest Holdings, of respectively more than $10 million and $3 million, had been “well-publicised” last year when the companies were among the first to profit from the emissions trading scheme. See more...