Carbon Credits Boost Bottom Line

16 September 2013

City Forests has made a killing in New Zealand's emissions trading scheme, from a windfall sale of New Zealand carbon units for more than $20 each, while the open market trading price is currently $4.

Gains from foreign exchange hedging and carbon credit sales combined to add a $7 million boost to City Forests annual results, for the financial year to June.

Read more from Otago Daily Times here