This item was sold to another member.
- Browse Carbon credits
20 Meridian 'Gold Standard' Carbon Credits
-
Reserve met
- Closed: Tue 11 Sep 2007, 4:00 pm
- Listing #: 116637362
FOR SALE by Meridian Energy - 1 x Household parcel of 20 Gold Standard Verified Emission Reduction (VERs) carbon credits (tonnes) from Meridian Energy's Te Apiti wind farm. The Te Apiti Wind Farm is a Gold Standard registered emission reduction project. The 2006 carbon credits have been issued by the Gold Standard Foundation.
The Te Apiti wind farm is the first in the world to have been registered by the Gold Standard Foundation. This demonstrates the highest quality renewable energy development taking into account cultural, environmental, social and economic issues (further information about the Gold Standard is available at www.cdmgoldstandard.org).
The project baseline and the 2006 emission reductions have been validated by UN accredited independent agency Das Norske Veritas.
A useful site to calculate your emissions is Landcare Research's carboNZero site http://www.carbonzero.co.nz/carboNZerocalculators.asp. In establishing this auction, we have opted for 20 units as a useful parcel for the average Kiwi family.
While this type of VER is attracting strong international attention, in the spirit of a free and liquid market we are putting the parcel up at a $1 Reserve to let the local market decide.
The purchaser may choose to use these voluntary carbon credits for the carboNZero programme. The carboNZero programme run by Landcare Research will also recognise these carbon credits subject to their usual terms and conditions (refer to www.carbonzero.co.nz).
At the close of the auction, the purchaser will have to enter into Merdian's VER Sales Agreement. The principal terms of this Agreement can be viewed on Emissions Trading section of Meridian Energy's website www.meridianenergy.co.nz .
The transaction for this purchase of carbon credits will then be recorded in the M-co Registry. The Registry will record the successful bidder's name against the credits they have purchased. They will then be available for immediate retirement, unbundling, or holding as a potential investment.
The Te Apiti wind farm is the first in the world to have been registered by the Gold Standard Foundation. This demonstrates the highest quality renewable energy development taking into account cultural, environmental, social and economic issues (further information about the Gold Standard is available at www.cdmgoldstandard.org).
The project baseline and the 2006 emission reductions have been validated by UN accredited independent agency Das Norske Veritas.
A useful site to calculate your emissions is Landcare Research's carboNZero site http://www.carbonzero.co.nz/carboNZerocalculators.asp. In establishing this auction, we have opted for 20 units as a useful parcel for the average Kiwi family.
While this type of VER is attracting strong international attention, in the spirit of a free and liquid market we are putting the parcel up at a $1 Reserve to let the local market decide.
The purchaser may choose to use these voluntary carbon credits for the carboNZero programme. The carboNZero programme run by Landcare Research will also recognise these carbon credits subject to their usual terms and conditions (refer to www.carbonzero.co.nz).
At the close of the auction, the purchaser will have to enter into Merdian's VER Sales Agreement. The principal terms of this Agreement can be viewed on Emissions Trading section of Meridian Energy's website www.meridianenergy.co.nz .
The transaction for this purchase of carbon credits will then be recorded in the M-co Registry. The Registry will record the successful bidder's name against the credits they have purchased. They will then be available for immediate retirement, unbundling, or holding as a potential investment.
Please read the questions and answers for this auction.
Shipping details
- Free shipping within New Zealand
- Seller allows pick-ups
- Seller is located in Christchurch City, Canterbury
Payment details
- NZ bank deposit
About the seller
- 100% positive feedback
- Member since Aug 2007
Closes: Tue 11 Sep, 4:00 pm. 2007 This auction used auto-extend. 
Questions and answers
Hi. Am I bidding for 1 tonne or the total package? Cheers, Steve
stephen_summer (1268 
)
12:20 pm, Tue 4 Sep
Hi. Am I bidding for 1 tonne or the total package? Cheers, Steve
)
12:20 pm, Tue 4 Sep
Thanks Steve, you are bidding for the total package - so a bit of a bargain at the moment!
1:02 pm, Tue 4 Sep
Thanks Steve, you are bidding for the total package - so a bit of a bargain at the moment!
1:02 pm, Tue 4 Sep
Wasn't Meridian Energy given privately owned forestry carbon credits in 2004 which they sold to a Swiss Company for $9 million to fund wind farm projects? Isn't this public sale of the resulting generated carbon credits an example of a SOE determined to rort as much financial advantage from New Zealanders for something it never owned in the first place?
tynwald (429 
)
4:09 pm, Tue 4 Sep
)
4:09 pm, Tue 4 Sep
No, we were not given any privately owned forestry credits to sell. The Verified Emission Reduction Units (VERs) arise out of the Te Apiti wind farm project. The project was deemed by the Government to be additional to business as usual and would displace thermal generation. See above for answer on additionality and you may want to go to our website for more info on the projects.
4:40 pm, Tue 4 Sep
See previous answer.
5:10 pm, Wed 5 Sep
But the Govt has given these credits to you, an SOE, having stollen same from foresters like me! You are trading something that is not rightly yours. This stinks.
andy20020 (240 )
6:17 pm, Tue 4 Sep
)
6:17 pm, Tue 4 Sep
See previous answer in the other parcel listing - thanks.
5:11 pm, Wed 5 Sep
Is there any indication of a world market price for a 1 tonne carbon credit? I'm keen to buy some but not at 1000% dearer than the world market. What's a good honest value? Regards Peter White.
p.s damn good idea
subtropix (1129 )
6:23 pm, Tue 4 Sep
)
6:23 pm, Tue 4 Sep
Good question. There are a number of carbon products on the market ranging from Kyoto credits to something that Uncle Bob has created from his two trees in the back paddock - the price of each of these products differs accordingly. The Meridian Gold Standard VERs are internationally recognised as top shelf voluntary carbon credit offsets. Do a 'google'.
5:13 pm, Wed 5 Sep
A précis from Meridian's 2006 annual report: The revenue from the sale of carbon credits awarded to us by the Government was a key factor in Meridian Energy’s commitment to build a wind farm. In 2005 we sold these credits worth more than $9 million to a Swiss-based foundation. Do you still claim not to have funded wind farm development with credits that were legitimately owned by New Zealand forestry investors?
tynwald (429 )
6:27 pm, Tue 4 Sep
)
6:27 pm, Tue 4 Sep
We disagree.
5:13 pm, Wed 5 Sep
Why would people want to subscribe to a concept the is designed to deceive them. You have already been given the information dealing with Zero-point energy yet to continue to be the lap dog of the New Zealand Government. All the Proof of the cover-up is on the web site http://www.themeasuringsystemofthegods.com/index_files/Page554.htm and http://www.themeasuringsystemofthegods.com/index_files/Page2861.htm Please take the time to read all of the information, It is a real eye opener.
organ_donor (21 
)
6:44 pm, Tue 4 Sep
)
6:44 pm, Tue 4 Sep
See previous answer in the other parcel listing - thanks.
5:14 pm, Wed 5 Sep
What relationship do you use to calculate 1 tonne of carbon credit from your energy base. i.e. how many tonnes CO2/ MW installed wind power.
glen241 (34 )
7:17 pm, Tue 4 Sep
)
7:17 pm, Tue 4 Sep
We wouldl ove to be able to explain this in 50 words or less - working on it! In the meantime, see the Te Apiti Project Design Document at www.cdmgoldstandard.org. You will need to register, but it is free.
5:16 pm, Wed 5 Sep
Hi. You are a new trader with no previous selling history - how can I trust you? My only option was to Google your name and you seem to have a very dubious past. Care to comment?
scottcrowley (58 
)
7:18 pm, Tue 4 Sep
)
7:18 pm, Tue 4 Sep
See answer in previous parcel listing.
5:17 pm, Wed 5 Sep
Seller Comment: Thanks for your questions - we'll answer these in the morning. Cheers
7:25 pm, Tue 4 Sep
The credits are of 2006 vintage and will not expire until they are retired or cancelled. What no one is sure about is the value that these will have during and after the first Kyoto Commitment Period (2008-2012).
5:18 pm, Wed 5 Sep
So I buy a certificate which offsets carbon I have put into the atmosphere so that I feel better, is that right? Do you know the churches in the middle ages did this by getting people to donate money to the church in order to obtain forgiveness for their sins? I might just buy the certificate and then burn it, that would bugger up your carbon credit system!
mozzeeme (903 
)
7:57 am, Wed 5 Sep
)
7:57 am, Wed 5 Sep
Another way of looking at it - is that those 'indulgences' you talk about have been used to bring forward investment in renewable energy, which has displaced investment in thermal generation in the electricity sector. This provides a tangible 'reward' for future generations.
5:20 pm, Wed 5 Sep
Over time these will fade and turn sepia.
5:21 pm, Wed 5 Sep
Isn't this a rip off for people who would normally dismiss this as a scam or just funny?
raymac23 (96 )
9:01 am, Wed 5 Sep
)
9:01 am, Wed 5 Sep
Neither we, nor our partners in this exercise – Trade Me, M-co and Landcare Research would risk our brands and reputations if we thought so.
4:50 pm, Thu 6 Sep
How does carbon credit trading improve the atmosphere. You are getting something for nothing then selling it to someone else so they don't have to reduce emmissions. Is this not a load of crock? Please tell me I am wrong and explain! MILKT
milkt (157 
)
4:41 pm, Wed 5 Sep
)
4:41 pm, Wed 5 Sep
The activity of trading is taking action. Offset credits (which have been generated in this instance by renewable energy projects)have displaced thermal generation, which means less CO2 is emitted into the atmosphere in the future.
3:24 pm, Fri 7 Sep
Hi, the current bidders in this and your other 20 tonne carbon block auction are either nuts, or are willing to pay an exhorbitant amount for what might well be great publicity. At $100 a tonne you could buy 2.5 EU-ETS CER's (current sitting around $38 - $40 per tonnne for 2008 to 2012 settlement). I'm keen to know if these buyers follow through with the transaction once the auction concludes.
bartimussimpson (85 )
4:51 pm, Wed 5 Sep
)
4:51 pm, Wed 5 Sep
See above regarding bidder motives – and thanks for contributing to the price discovery discussion.
4:52 pm, Thu 6 Sep
Thanks for your response. Re Electricity V's Forestry Carbon Credits. The electricity sector is producing more power and using more coal to do so than ever - the Govt Cc grant to you is smoke and mirrors from the Govt your SOE owner. I planted land to grow trees that are definitely returning carbon to the soil (as at 10-12 years I chop out 3 of four trees thin to waste etc etc) Yet this Govt say after 2008 I have to pay $14k a Ha to return my land to grazing It's a joke.
andy20020 (240 )
5:19 pm, Wed 5 Sep
)
5:19 pm, Wed 5 Sep
We know foresters have concerns.
4:53 pm, Thu 6 Sep
It is only through ignorance that your comments are born you do not have the capability to understand Zero-point energy as you are a victim or fraudulent science. Vedic Physics is the suppressed key to Zero-point energy and the industrial secret of Sony Microsoft and Boeing.
http://www.themeasuringsystemofthegods.com/index.htm
organ_donor (21 )
5:20 pm, Wed 5 Sep
)
5:20 pm, Wed 5 Sep
Thanks
4:53 pm, Thu 6 Sep
Have I missed something here. Google tell me that 1 tonne credit is worth about US$10 per tonne. so 20 is 20 X $10 / .7 = NZ$285 I must be mistaken as you auction is bidding $3000
pete98 (49 )
6:09 pm, Wed 5 Sep
)
6:09 pm, Wed 5 Sep
No
4:54 pm, Thu 6 Sep
There are a lot of grumpy fellas out there, and the odd "forrester" who doesn't seem to understand the system. I think it's great you're offering people the chance to offset their emissions in this way - it's a shame all these idiots think it's about the dollar value! What part of "voluntary payment" is so hard to understand?! Virgin Blue offers this for their flights, I was glad to have that opportunity...
Thank you, and keep building those wind farms..
mpilott (21 )
6:29 pm, Wed 5 Sep
)
6:29 pm, Wed 5 Sep
Cheers
4:54 pm, Thu 6 Sep
These "voluntary" carbon credits are a load of worthless rubbish. I do not believe that any serious bidder would pay you anything for this nebulous nonsense. Have your pals been bidding up the prices? Kyoto is an international con. What have you got to say about that? Now, if you'll excuse me, I have to go and burn sme old tyres in my back garden. How much will you pay me not to do this?
bill1958 (95 )
7:15 pm, Wed 5 Sep
)
7:15 pm, Wed 5 Sep
Thanks for your comment.
4:55 pm, Thu 6 Sep
Since you didn't answer my question in your other listing I submit my qestion again:
I don't know much about carbon credit but according to this website http://savetheplanet.co.nz/carbon-wave-power-whatis.html "At the moment, the Carbon market is quoting one Credit as being worth US$10 – 30". Even if we take the top range of US30 the 20 credit that you are selling worth US20x30=US600 which is about NZD859. If this is the case I think the current bid, whatever it is now, is a bit to high. Cheers
pshoi (73 )
7:47 pm, Wed 5 Sep
)
7:47 pm, Wed 5 Sep
I think you will see your earlier question is now answered. We are posting answers to all questions once a day rather than immediately responding – and thanks for participating in the discussion.
4:56 pm, Thu 6 Sep
This world is passing away... instead of worrying about a dying world, why not get ready to meet your maker? You'll have all of eternity to regret it if you don't! Hell is a real place and a lot hotter than your theory of Global warming could ever be!
austindevon (1092 )
8:01 pm, Wed 5 Sep
)
8:01 pm, Wed 5 Sep
Thanks for your comment.
4:57 pm, Thu 6 Sep
I am a farmer, apparently my animals belch methane, that concerns Jeanette Fitzsimmons greatly. If I feed my sheep nice green grass and one carbon credit each day, will they stop farting?
valetta3 (31 )
8:20 pm, Wed 5 Sep
)
8:20 pm, Wed 5 Sep
Don’t hold your breath!
4:57 pm, Thu 6 Sep
Would you swap for say, 10,000 “Bourbon credits”, redeemable at any Kyoto strip bar?
rockeatr (57 )
9:18 pm, Wed 5 Sep
)
9:18 pm, Wed 5 Sep
We prefer Single Malt.
4:58 pm, Thu 6 Sep
Hi. If I am successful in obtaining these carbon credits would you prefer that I pick them up in my hybrid, my Ford full-sized ute or, would you ship them via trucking company (I'm assuming they would come in a large container given the price)?
scentsationsnz7 (384 )
9:28 pm, Wed 5 Sep
)
9:28 pm, Wed 5 Sep
Our listing said there would be free delivery within New Zealand – so don’t worry.
4:59 pm, Thu 6 Sep
Can U tell me why Meridian has not disclosed that they sold credits in 2004 for $10.50 NZD each to the Netherlands Govt, the Christchurch Council sold 200,000 credits for an average of $15-00 each in 2006 and you as a good corporate citizen and SOE are allowing people to bid $140 ea on the pretext of finding out what the market value is when you know these credits are worth nothing close to the bid levels ? I apologise if I am wrong but this does not look good for Meridian at all.
barcelona1 (811 )
9:53 pm, Wed 5 Sep
)
9:53 pm, Wed 5 Sep
Thanks for your engagement – however we can only answer for what we have done. The units that have been sold to the Dutch government were Kyoto credits and were forward sold. That price recognised the risk and relatively untested nature of the market – as it was back in 2004. The world, and market understanding has moved on – and while these VERs are not Kyoto credits, they are real and verified. As for the current price - there are many reasons for purchasing.
2:07 pm, Mon 10 Sep
Hi,
I have a pile of manure that is surplus, and I know it has a lot of carbon in it. It is possible we can just do a trade?
bazza531 (54 )
10:57 pm, Wed 5 Sep
)
10:57 pm, Wed 5 Sep
Thank you for your output.
5:03 pm, Thu 6 Sep
If I buy these, can I then poor crude oil on a baby fur seal and still be considered an environmentalist?
gorbok (140 )
3:48 pm, Thu 6 Sep
)
3:48 pm, Thu 6 Sep
?
3:04 pm, Fri 7 Sep
I got to say mate that I am enjoying your calm , cool and whitty answers . You certainly have a really good sense of humour ! I do not think that it is very humerous selling something that is not worth $300 for 10x that value and not disclose vital information to bidders ie historical sales figures for these credits . Compare buying a car that is worth 10k for a 100k or a house for that is worth 100k but paying $1m . Not good at all in my opinion !!
barcelona1 (811 )
7:02 pm, Thu 6 Sep
)
7:02 pm, Thu 6 Sep
Thanks for your endorsement of our answers.
3:31 pm, Fri 7 Sep
You keep saying that you "know foresters have concerns" So what are you going to do about it. Or are you just a bunch of feel-good clowns. Do you have an 0800 number to call and discuss this at length, and at your expense?
bazza531 (54 )
8:09 pm, Thu 6 Sep
)
8:09 pm, Thu 6 Sep
Right at this moment - there is nothing we can do about it - we know foresters have concerns.
5:04 pm, Fri 7 Sep
Congrats to those trying to initiat a trade in nothing with no effective purpose. Bid, bid, bid while the ones with the one word and mocking replies smirk at their handiwork!
keith19 (25 )
8:55 pm, Thu 6 Sep
)
8:55 pm, Thu 6 Sep
Thanks for your comment
3:42 pm, Fri 7 Sep
There is no way of pricing the cost of the impact of carbon emissions on the environment. The sale of carbon credits does not and never will encourages the development of projects that reduce emissions (like Te Apiti). Trademe should be rapped over the nuckles for encoraging/tolerating this rubbish on its site!
keith19 (25 )
9:04 pm, Thu 6 Sep
)
9:04 pm, Thu 6 Sep
Great to see you're engaged in the discussion. Thanks for your comment.
3:44 pm, Fri 7 Sep
From what I can gather, you have been given these Carbon Credits because you could have burnt coal to make power, but instead decided to build a wind farm? Well, today I was going to plough a paddock, and burn lots of diesel, but I decided not to. Tomorrow I might decide not to cut down a tree. So do you think Auntie Helen will give me some carbon credits to sell on TradeMe also???
valetta3 (31 )
10:49 pm, Thu 6 Sep
)
10:49 pm, Thu 6 Sep
You could ask.
3:45 pm, Fri 7 Sep
Seller Comment: We have updated our summary of the principal terms of Meridian's VER Sales Agreement to reflect recent advice from the Gold Standard Foundation (www.meridianenergy.co.nz). This advice relates to the process of transferring these VERs in the Gold Standard Foundation's registry, once this is available.
12:12 pm, Fri 7 Sep
No the VERs aren't eleigible for fly-buys points. Thanks for your question though.
3:48 pm, Fri 7 Sep
Seller Comment: Thanks everybody for the questions - the good, the bad, and the funny! We won't be answering any more over the weekend. If any new points are raised, we will answer these as soon as we can on Monday. Thanks again for participating.
5:10 pm, Fri 7 Sep
This does prove all sorts of rubbish ends up on trademe. Some juvenile glass tower dweller is playing with trademe clients. Judge the quality of the one liners: this mischivous experiment by the the glass tower quassi government paid executive non producers shouldn't be tolerated!!! Shame Trademe!!!
keith19 (25 )
7:22 pm, Fri 7 Sep
)
7:22 pm, Fri 7 Sep
Can I ask why you've chosen to use a gallery listing on two of your listings, when there are only 3 listings in the entire category? Most people use gallery listing to stand out from the hundreds of other listings. Were you afraid of your listings being lost in the crowd of 3?
tussock1 (2565 
)
10:34 am, Sat 8 Sep
)
10:34 am, Sat 8 Sep
Reading the questions and answers on these auctions has been hilarious. Personally i think carbon credits are a joke.......basically someone does something good and in turn gets carbon credits for free. The good person can then sell the credits to another person allowing them to continue doing bad things to our environment. Surely if we are that worried about reducing carbon emissions we should try to stop the bad people doing bad things completely. Personally I think wind farms are
jamesmaca (53 )
9:06 pm, Sat 8 Sep
)
9:06 pm, Sat 8 Sep
Is Meridian holding some units back to offset the Carbon emissions from your own little Coal fired steam plant in downtown Dunedin (EFI -Energy for Industry), the heat plant that supplies the Hospital, the large muti-national Chocolate factory and Otago University?
Will this auction set the benchmark price that you will impose on your subsidery EFI, to make them Carbon Neutral?
snowboarder04 (12 )
11:03 am, Sun 9 Sep
)
11:03 am, Sun 9 Sep
Thanks for your question. As mentioned previously, in order to be completely transparent, Meridian has purchased carbon credits from Trustpower to offset the emissions from its Energy facility. Meridian is working with all its subsidiaries to reduce their carbon footprints.
2:03 pm, Mon 10 Sep
hi there, I thought I was actually bidding on 'something'. turns out it is nothing. can you please remove my bid?
joshiscool (235 )
11:13 am, Sun 9 Sep
)
11:13 am, Sun 9 Sep
It appears you no longer hold the lead bid. Throughout the process we have sought to enable as much information as possible as to the value of these carbon credits. They are real, they do have value – and in this instance of being the first public auction of such credits – may have more value for some than others. These are Gold Standard carbon credits and can be used to voluntarily offset your carbon footprint. Any excess can be held and used later – or re-sold.
2:02 pm, Mon 10 Sep
is this a serious auction ? surely I thought most peoply with an IQ slightly beyond that of a deceased chicken should realise the joke that carbon credits are ? Keyto and Enron have no clothes ?
thestumper (246 )
12:21 pm, Sun 9 Sep
)
12:21 pm, Sun 9 Sep
has made for some interesting reading on an otherwise boring day at the office. Carbon footprints, resource consents, second life virtual worlds....screw it im off in my 4x4 to go for a fish in my 2 stroke tinny to catch a tangible feed! To the winner of the auction how many of your credits will you use to drive to the bank to pay for them? does it mean if you grow pot for a crust you can sell your crops credits?
graeme156 (154 )
9:44 am, Mon 10 Sep
)
9:44 am, Mon 10 Sep
will aunt helen bring in a baked beans tax if we dont all own some of these credits?
charlotte191 (88 )
3:26 pm, Mon 10 Sep
)
3:26 pm, Mon 10 Sep
I don't wish to be negative and are more than happy to encourage rational measures to help mitigation of environmental problems and issues just feel that this auction isn't worth the paper its written on.
Oh and yes, back from your weekend off! well then answer the damn letters and don't insult the system with your indifference
keith19 (25 )
5:59 pm, Mon 10 Sep
)
5:59 pm, Mon 10 Sep
How many carbon credits are "used" in the manufacture & installation of say one Te Apiti turbine? Is there a possibility that you might need to to buy them back in the future for other power generation projects?
ultrahound10 (38 )
6:39 pm, Mon 10 Sep
)
6:39 pm, Mon 10 Sep
(again Wallace C/o mozwart) Sorry, I simply must quote this on this auction as well. Quote: "A fool and their money are soon parted!" And, congratulations on making money out of fools. I wish I had of thought of it sooner, but I am too honest to rip even foolish people off! RE: offsetting "my" carbon footprint = so if I buy these I dont have to feel bad about my stinking methane emitting compost heap? Which BTW is offset by my recycling attempts, which BTW, I'm not allowed to sell here on T/M !!
mozwart (301 )
8:32 pm, Mon 10 Sep
)
8:32 pm, Mon 10 Sep
We should all refuse to vote and generate our own electricity. 'To hell' with Meridian and corrupt politicians! Hit them in the wallet!
lizzie-anne (57 )
9:12 pm, Mon 10 Sep
)
9:12 pm, Mon 10 Sep
Hi again, after reading up on this complete subject, This is quite an EMBARRASSING auction/idea for MERIDIAN & TRADEME. What you are effectively selling is the right for someone ELSE to pollute the enviroment by the "offset" of your carbon credits! Disgusting! It would be more beneficial for you to publicly KEEP your (FREE) credits, DISPLAY them, and BE PROUD OF THEM ! than to sell them.. Shame on you. You are in effect selling someone elses POLLUTION! How is this good for the enviroment?
mozwart (301 )
11:23 pm, Mon 10 Sep
)
11:23 pm, Mon 10 Sep
Can I use this credit to offset any CO2 I put into atmospher through open fire or by burning tyres.? Will this credit certificate recognized by local council? I assume yes answer, since local council and Meridien as SOE are under same NZ Government. That's my layman thinking. Am I right or wrong.?
jil (434 )
12:36 am, Tue 11 Sep
)
12:36 am, Tue 11 Sep