Qantas, Rio Tinto and BHP fund Australian carbon credit initiative
The new scheme aims to raise A$250 million to develop carbon projects on agricultural land.
Australia-based airline Qantas and mining companies Rio Tinto and BHP have invested A$80 million into a new initiative to develop high-integrity nature-based carbon credits in the country.
The Silva Carbon Origination Fund is managed by Silva Capital – a joint venture between investment managers Roc Partners and C6 Investment Management – and aims to raise A$250 million to develop projects generating government-approved high-integrity carbon credits on agricultural land.
