“…each year we were reliant on what the share-market was doing, and what bonds were doing, in order to get income to operate the Trust, and still trying to grow that portfolio. So then to get a carbon cheque each year of – after tax – around $150,000, it is quite a significant amount for doing nothing different.”

Māori landowner

“I think our largest one is probably 100,000 units per year and the smallest one might be 5 to 10,000 units per year. So quite a range. Size in and of itself isn’t really a problem, it just depends what sort of order you need to fill.”

Large scale emitter