Carbon Fund - CO2

[minimoke]

Can you elaborate on your ethical opposition? Are you objecting to carbon trading, to Salt or to this fund?

Carbon Trading - seems to me feeding off the fears of vulnerable, simple people

[777]

Carbon Trading - seems to me feeding off the fears of vulnerable, simple people

That is my opinion as well. Just a money go round.

[steveb]

That is my opinion as well. Just a money go round.

more like a ponzi scheme if you ask me

[ados_nz]

That is my opinion as well. Just a money go round.

As long as the money goes back around into planting more trees then its fine. However, this has not historically been the case and a fund holding NZU's for price speculation reasons does not bode well to actually helping NZ meet its climate change commitments.

[Snow Leopard]

Same was said of Cryptocurrencies

Just for you mini : Carboncoin

[haewai]

As long as the money goes back around into planting more trees then its fine. However, this has not historically been the case and a fund holding NZU's for price speculation reasons does not bode well to actually helping NZ meet its climate change commitments.

Doesn't bode anything I think. Already plenty of investors making the same guesses. I expect banks and gentailers have trading holdings, using other forms of capital.

[black knat]

Anyone else following this fund which tracks the price of NZ carbon units?

Has been a good run up in the price of NZUs (which the fund holds) this year with the fixed price purchase option moving from $25 to $35. Has to be more to come in 2021 and onwards with the start of cap and trade, the new auction system and price controls starting at an upper level of $50 for 2021. First auction set for March and looks good barring major policy changes from govt.

[Arthur]

You can buy and sell on nzx or buy direct from Salt, which enables a virtuous circle. It has been a great investment so far.