Crucial soft launch for TZ1’s new registry
8 Apr 2008
There will be no great media event when the New Zealand Stock Exchange (NZX) launches its Time Zone One (TZ1) carbon exchange registry this month, with chief executive Mark Franklin expecting initial volumes to be slow, especially in New Zealand-sourced credits.
Franklin was unable to give an estimate of the number of transactions TZ1 would expect daily – the NZX handles about 42m share trades a day – and could not comment on Carbon News’ estimates that over the first Kyoto period New Zealand-sourced credits will be more-or-less in balance, with demand and supply both being in the region of 100m units.
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Story copyright © Carbon News 2008
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