Meridian gets carbon credit windfall

by Fiona Robertson

Meridian Energy has sold three parcels of carbon credits listed on a Trade Me auction at "trophy" prices for almost $25,000.

Meridian had listed two parcels of 10 credits (representing 10 tonnes of carbon dioxide equivalent, designed as a family offset) which closed this week at $3,000 and $2,000.

A third parcel of 1,000 credits, designed as a small to medium business buy, sold for $19,262.

While the business buyer bought for less than $20 a credit, the family parcels went more expensively at $200 and $300 per credit.

Meridian Energy chief executive Keith Turner said the first sales were always going to be "trophy" sales. The auctions had demonstrated the "real engagement from the public" on the issue.

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