Genesis buying credits, but quiet on NZUs deal

24 Apr 2009

New Zealand’s largest thermal electricity generator has made forays into the carbon market  – but won’t say if it was the purchaser involved in the first sale of New Zealand Units.


Genesis Energy, which has the coal-fired Huntly station in its generation portfolio, has confirmed to Carbon News that it has made some small purchases of carbon credits as it prepares to deal with an annual carbon liability of between $100 million and $200 million.


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Story copyright © Carbon News 2009

Related Topics:   Carbon Credits Emissions trading Energy Forestry Kyoto NZ ETS

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