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M-co, Trade Me and Meridian Energy Join Forces

M-co, Trade Me and Meridian Energy Join Forces to Start Carbon Trading

M-co, Trade Me and Meridian Energy are working together to bring carbon trading to New Zealand. The key to enabling carbon trading is the new M-co user-friendly carbon emission units registry called 'Regi', which will facilitate the first ever auction of carbon emission units in New Zealand.

'Regi' (www.regi.co.nz) will provide a register of holdings of 'Emissions Units' (Carbon Units, Carbon Offsets), and other commodities.

M-co’s registry will support the verification and transfer of carbon credits between buyers and sellers, such as those currently listed on Trade Me by Meridian Energy.

Neil Pennington of M-co says: "We're delighted to be working with iconic New Zealand companies, Trade Me and Meridian. We’re very proud that M-co has developed a registry for carbon emission units, to facilitate the very first internet based auction. It's the result of using our winning combination of innovative marketplace systems, wide-ranging skills and teamwork".

Through Regi, companies and individuals will be able to register and verify units for trading, track and transfer ownership, and access trading information and analysis.

Regi is designed to offer the highest levels of personalisation and 'user-friendliness'. Regi also meets international compliance standards, and is an extremely robust and secure system.

Regi officially launches at 9am Tuesday 4 September.

ENDS

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