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Māori land trust in New Zealand secures $9.3M annual carbon credit deal, benefiting 4,000 owners.
A Māori land trust in New Zealand has secured a groundbreaking 10-year carbon credit deal with a forestry developer, Tāmata Hauhā, generating about $9.3 million in annual payments.
This innovative arrangement involves leasing carbon credits from nearly half of the trust's forests, benefiting 4,000 owners and tens of thousands of beneficiaries.
The deal marks the first of its kind in New Zealand, offering a new income stream and potential for future similar opportunities.
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El fideicomiso de tierras maoríes en Nueva Zelanda asegura un acuerdo anual de crédito de carbono de 9,3 millones de dólares, beneficiando a 4.000 propietarios.