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Originally Posted by Onion
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
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Originally Posted by minimoke
Carbon Trading - seems to me feeding off the fears of vulnerable, simple people
That is my opinion as well. Just a money go round.
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Originally Posted by 777
That is my opinion as well. Just a money go round.
more like a ponzi scheme if you ask me
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Member
Originally Posted by 777
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.
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Originally Posted by minimoke
Same was said of Cryptocurrencies
Just for you mini : Carboncoin
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Originally Posted by ados_nz
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.
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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.
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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.
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