TOP PAGE
ENGLISH
JAPANESE
|
CONNECT WITH US:
Home
About
Services
Contact
Log in
*
Home
Press release
Jul 29, 2021 11:12 JST
Source:
Mitsubishi Corporation
Mitsubishi Corporation: Regeneration Project / Investment in Australian Integrated Carbon Pty Ltd
TOKYO, Jul 29, 2021 - (JCN Newswire) - Mitsubishi Corporation (MC) is pleased to announce that it has agreed to acquire a 40% interest in Australian Integrated Carbon Pty Ltd (AIC), which is engaged in the sale of carbon credits. The credits are obtained through CO2-sequstrations achieved in the regrowth of Australia's native forests through a process called human-induced regeneration.
Human-induced regeneration is an established methodology in Australia. It employs new land-management practices to facilitate the regeneration of native woodlands that have been lost over the past few centuries due to clearing and overgrazing. The amount of CO2 stored in the regenerated forests is officially certified as Australian Carbon Credit Units by the Australian Government. AIC aims to capture global CO2 emissions by 100 million tons through its growing portfolio.
Since 2015, the Australian Government contributed over 4.5 billion AUD to establish the country's carbon-credit auction market, the size of which had reached 16 million CO2 tons by 2020 and is today one of the largest in the world. The government is encouraging human- induced regeneration activities because in addition to being more feasible and cost-competitive than other decarbonization methods, they benefit farmers through revenue diversification, soil improvement, and biodiversity conservation. These activities are considered vital to achieving Australia's climate targets as set down under the Paris Agreement.
While MC remains committed to its own efforts to reduce its greenhouse gas emissions, it is equally proud to support forest-regeneration and other large-scale, CO2 sequestration projects that are dedicated to the decarbonization of our planet.
MC is excited about leveraging this investment in AIC to learn more about competitive forest-regeneration projects and help their growth throughout Australia and other parts of the world. This investment falls in step with MC's key sustainability objectives, which include "transitioning to a low-carbon society" and "growing together with local communities".
Source: Mitsubishi Corporation
Sectors: Daily Finance, Environment, ESG, Banking & Insurance, Legal & Compliance, Trade Finance
Copyright ©2025 JCN Newswire. All rights reserved. A division of Japan Corporate News Network.
Related Press Release
Mitsubishi Corporation Invests in Commonwealth Fusion Systems, a US Fusion Energy Start-up from MIT
September 02 2025 11:50 JST
Result of the Business Plan Review for the Offshore Wind Power Generation Projects in Japan
August 27 2025 21:27 JST
Mitsubishi Corporation Invests in Fullerton Health
August 26 2025 11:54 JST
Mitsubishi Corporation to acquire shares in Copper World copper mine project in the US
August 14 2025 11:05 JST
First Shipment of LNG from the LNG Canada Project
July 01 2025 10:00 JST
Mitsubishi Corporation to Invest and Enter into a Business Partnership with DEScycle Ltd., a UK Company Developing Innovative Metal Recycling Technology
June 02 2025 13:35 JST
Mitsubishi Corporation Establishes New Corporate Venture Capital Company
May 30 2025 17:36 JST
Mitsubishi Corporation makes DennoKotsu an equity-method affiliate company, strengthening efforts to address regional transportation challenges
April 11 2025 09:39 JST
Mitsubishi Corporation to Participate in Demonstration Project for New Hydrogen-Based Ironmaking
April 09 2025 17:22 JST
Mitsubishi Corporation Announces Corporate Strategy 2027
April 04 2025 08:04 JST
More Press release >>
Latest Press Release
Honda Develops New "Chemical Sorting" Technology to Separate Solid Contaminants from Waste Plastics Derived from End-of-life Automobiles
Sep 16, 2025 15:00 JST
NEC Publishes ESG Initiatives Supporting Sustainable Growth of Companies and Society in "ESG Databook 2025"
Sep 16, 2025 14:00 JST
JSR Corporation/Inpria Corporation and Lam Research Enter Cross Licensing and Collaboration Agreement to Advance Semiconductor Manufacturing
Sep 16, 2025 09:00 JST
Toyota Launches Next-Generation New Mobility e-Palette
Sep 15, 2025 15:33 JST
The University of Osaka D3 Center Commences Operation of New Computing and Data Infrastructure Built by NEC
Sep 12, 2025 15:08 JST
GR Yaris "Aero performance package" Set for Japan Launch
Sep 12, 2025 14:40 JST
Mitsubishi Heavy Industries Achieves Target Performance at Pilot Plant for Bioethanol Membrane Dehydration Systems
Sep 12, 2025 14:19 JST
"New Answers to Dementia" Eisai Releases Concept Movie and New Content on Campaign Website for Dementia Month
Sep 12, 2025 13:20 JST
TANAKA PRECIOUS METAL TECHNOLOGIES Succeeds in Developing High-Performance Palladium Alloy Hydrogen Permeable Membrane Operable in the Low-Temperature Range of 300 degrees C
Sep 12, 2025 11:00 JST
CO2NNEX(R) Digital Platform for Transfer and Management of e-Methane Clean Gas Certificates to Be Utilized in Nagaoka Methanation Demonstration
Sep 11, 2025 20:37 JST
Hitachi accelerates growth with major U.S. investments in advanced manufacturing, electrification and workforce development
Sep 11, 2025 18:35 JST
GlobalLogic and Ericsson Deploy Private 5G Network at Hitachi Rail's State-of the-Art Digital Factory
Sep 11, 2025 17:24 JST
GlobalLogic and Flexware Innovation Announce Major Deployment of LIFT at Hitachi Rail's State-of-the-Art Train Manufacturing Facility
Sep 11, 2025 16:46 JST
JCB Unveils New Brand Message in Vietnam: "Japan Cung Ban"
Sep 11, 2025 13:00 JST
Kawasaki City becomes first dekokatsu subsidy municipality for promoting decarbonization lifestyle promotion project
Sep 11, 2025 10:35 JST
TGR Plans to Reproduce Engine Parts for Corolla Levin / Sprinter Trueno (AE86)
Sep 10, 2025 18:11 JST
TANAKA Acts as Category Sponsor for the LIGA.i Blind Soccer Top League 2025
Sep 10, 2025 03:00 JST
Toyota Submits Fourth Progress Report on Measures to Prevent Recurrence
Sep 09, 2025 19:26 JST
The 46th Honda Prize 2025 Awarded to Dr. Kenichi IGA
Sep 09, 2025 19:06 JST
Lexus world premieres the new IS
Sep 09, 2025 18:26 JST
More Latest Release >>