FARMERS WEEKLY: Fund manager to trade carbon units

As New Zealand’s carbon price hits its cap of $25 a tonne an investment company has launched the country’s first carbon credit investment fund and is optimistic it will find plenty of takers among both investors and emitters.

Salt Funds Management is getting final Financial Markets Authority approval for its carbon credit fund and managing director Paul Harrison is confident the Government has recognised the imposed cap on carbon price needs to be adjusted.

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SCOOP BUSINESS: Salt Funds to open up carbon trading to retail investors

NZX has been keen to foster a wider use of green investment tools and vehicles, with a growing number of green bonds listed on the debt market. At the same time, the government is charging ahead with its Carbon Zero legislation.
The Crown's provisioning for emissions trading scheme credits rose to $2.54 billion as at June 30 from $2.03 billion a year earlier, with the carbon price rising to $21.10 per unit from $17.20 in June 2017.

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NZ HERALD: Salt launches new carbon investment fund

Feeling bad about driving around that petrol-guzzling car or a recent long-haul flight? There could soon be an easy way to off-set your carbon usage - and make money from it.

A New Zealand investment company is set to launch what it says is the first carbon fund in the world and hopes to list it on the local stock market next month, opening it up to mum and dad investors.

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INVESTMENT NEWS: Salt to list carbon credit fund

The Auckland-based Salt Funds Management is to launch a unique NZX-listed product targeting the carbon credits market.

In a cache of documents filed last week, Salt says the new Carbon Fund will “buy and sell carbon credits on emission trading schemes, or hold cash based on our own analysis and assessment of the market”.

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