Consumer Affairs program Fair Go screened in New Zealand targeting potentially incomplete or misleading advice given on carbon credits by real estate agents
Unfortunately the item did not clarify that if pre 1990 forest was replanted then there was no carbon credit liability. Instead an impression was given that up to 800 NZU units per ha would have to be purchased at harvest.
The article also quoted prices of $10 per NZU when recent prices have been somewhat less.
Overall however, with input from long time CM reader Garth Cumberland, the article did identify some of the risks and more importantly established that the real estate agents involved were not able to give the advice required. It is understood the Real Estate Agents Authority along with prominent agency networks moved to warn licensed agents of their obligations after the item was aired.
In essence the message was proper professional advice is essential when getting involved with the NZETS.