The carbon credit market
The New Zealand Emissions Trading Register (NZETR) is where you can buy, sell, and transfer carbon credits.
The NZETR and the domestic market for carbon
Anyone with an account in the NZETR can buy, sell, and transfer carbon credits called New Zealand Units (NZUs, or just units). This is all managed by the Environmental Protection Authority, not Te Uru Rākau – New Zealand Forest Service.
The Emissions Trading Scheme is the domestic market for carbon. Parties that emit greenhouse gases pay New Zealand Units to the Government to cover their emissions, and parties that sequester (store) carbon earn New Zealand Units from the Government that they can sell on the market. The supply of New Zealand Units in the market is limited and will drop over time in line with New Zealand’s emissions reduction targets.