Reported 2 months ago
BHP, Rio Tinto, and Qantas have announced a joint investment of A$80 million ($52.7 million) in an Australian carbon credits fund managed by Silva Capital. The fund aims to support land reforestation initiatives and generate Australian Carbon Credit Units (ACCUs) as part of Australia's broader effort to reduce carbon emissions by 43% from 2005 levels by 2030. With increased interest from high-emission industries in carbon credits for offsetting emissions, this fund represents a significant step in advancing Australia's carbon market and promoting sustainable land management practices.
Source: YAHOO