Australian Companies Team Up To Develop Nature Based Carbon Projects

BHP, Rio Tinto, and Qantas invest in carbon credits fund

Australian companies team up to develop nature-based carbon projects

The fund will invest in projects that reduce greenhouse gas emissions and generate carbon credits.

BHP, Rio Tinto, and Qantas have announced that they will invest a total of A$80 million ($53 million) in the Silva Carbon Origination Fund, a new fund that will develop high-integrity nature-based carbon projects in Australia.

The fund will invest in projects that reduce greenhouse gas emissions and generate carbon credits. These credits can then be sold to businesses and governments to help them meet their climate change commitments.

The investment by BHP, Rio Tinto, and Qantas is a significant step forward for the development of the carbon market in Australia. It is hoped that the fund will help to accelerate the adoption of nature-based solutions to climate change.

The Silva Carbon Origination Fund is managed by Silva Capital, a carbon assets and investment manager. The fund is targeting a total size of A$250 million ($165 million).

The fund has already secured a number of cornerstone investors, including the Clean Energy Finance Corporation and the Australian Ethical Investment Trust.

The launch of the Silva Carbon Origination Fund is a positive development for the Australian carbon market. It is hoped that the fund will help to drive investment in nature-based carbon projects and contribute to Australia's climate change goals.