| NZ Carbon Exchange (NZCX), an emissions trading
intermediary, has entered into an exclusive relationship with
CantorCO2e, the world’s leading provider of transaction services for
greenhouse gas markets, and a subsidiary of global giant Cantor
Fitzgerald. This provides NZCX with direct access to an
international network of over 70 brokers and advisers as well as
easy access to buyers and sellers around the world.
NZCX was established in 2004 to help government, major energy
users, and other public and corporate entities to actively manage
their greenhouse emissions position, including achieving carbon
neutrality. The company now offers emission unit trades both
domestically and internationally and can source emission units to
offset carbon footprints.
The CantorCO2e tie-up means that, as a New Zealand based broker,
NZCX can source overseas emission units for sale and sell New
Zealand held units overseas.
CantorCO2e CEO, Steve Drummond said: "CantorCO2e is very
pleased with our alliance with NZCX. The NZCX team has 1st class
credentials; a key factor in our decision to partner with them. NZCX
now gives CantorCO2e representation in the only Kyoto ratified
country in the Southern Hemisphere."
NZCX director, Murray Dyer, said “There was a real need for an
emissions trading broker that could provide New Zealand businesses
with access to the global carbon trading market. NZCX’s partnership
with CantorCO2e enables us to help our clients who are either
building a carbon portfolio or reducing their carbon footprint to
benefit from our global yet local expertise”.
One of the most difficult things for organisations looking to
trade emission units is ensuring they get the best price and terms
for their credits. Dyer explains: “It really is a case of buyer
beware. Purchasers need to understand what they are getting for the
price they are paying. A published price means nothing unless they
understand the terms and risks behind that price. That’s where we
come in.”
He warns organisations to seek reputable sellers as there are a
number of allowances in the market that would not be recognised as
being credible internationally. NZCX and CantorCO2e focus on Kyoto
compliant units and verified emission reduction offset units that
are issued by either a governmental agency or managed in accordance
with the Voluntary Carbon Standard.
For further information on NZCX, please visit
www.nzcx.com
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