TZ1 Appointed First Global Biodiversity Registry
|
|
NZX Limited (NZX) | 10:49 am, Thursday 14 August 2008 | NZX | 5.600 |
 0.000 |
(+0.00%) |
14 August 2008 - Environmental markets infrastructure provider TZ1 has been
appointed as a global registry for the Malua Wildlife Habitat Conservation
Bank.
The Malua Wildlife Habitat Conservation Bank (Malua BioBank), a
first-of-its-kind business model for rainforest conservation, was launched
today in Malaysia. The Malua Biobank was launched by the Eco Products Fund,
LP, a private equity fund jointly managed by New Forests Inc. of Washington,
D.C., Equator Environmental, LLC of New York City, and the Government of
Sabah.
The Malua BioBank will generate Biodiversity Conservation Certificates, with
each Certificate representing 100 square meters of rainforest restoration and
protection. The sale of Biodiversity Conservation Certificates will endow a
perpetual conservation trust and generate a return on investment.
The TZ1 Registry has been appointed as sole registry provider for the
registration and management of these Malua BioBank Biodiversity Conservation
Certificates, the first formally appointed biodiversity registry worldwide.
David Brand, Managing Director, New Forests said, "The Malua BioBank was
seeking a registry facility which ensures authenticity and robustness in the
ownership management of all Biodiversity Conservation Certificates issued for
the rehabilitation and protection of the Malua Forest Reserve.
"TZ1 quickly understood our requirement for rigour and certification
protection. The TZ1 Registry is a fully functioning credible, secure online
registry facility based in true financial markets infrastructure," said
Brand.
Helen Robinson, CEO of TZ1 Registry said, "TZ1 is delighted to be selected to
provide a critical function in the emerging biodiversity marketplace. A
registry is an essential tool to provide transparency and credibility to this
market as it develops."
The TZ1 Biodiversity Registry has listed 1.3 million Biodiversity
Conservation Certificates today. These certificates are available for viewing
online at: http://www.tz1market.com/biodiversity.php
View the full release from Malua Biobank at the following link:
http://www.maluabiobank.com
ENDS
For more information please contact:
Lucy McFadden
lucy.mcfadden@nzx.com
Direct Line: +64 4 496 2890
Mobile: 027 512 7832
