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
Strategic Partnership and Investment with Eagers Automotive Ltd., Including Investment in Unique Independent Used Car Business Across Australia and New Zealand
October 01 2025 20:26 JST
Definitive agreement to implement a joint mine plan between Los Bronces and Andina copper mines
September 17 2025 17:57 JST
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
More Press release >>
Latest Press Release
Hitachi Employee Receives the "Chop Wood Carry Water Award" from the Global OSS Organization CNCF for Leading the Establishment of Official Community in Japan
Nov 14, 2025 21:06 JST
The University of Osaka D3 Center and NEC Demonstrate Wide-Area Distributed Campus AI Processing Platform
Nov 14, 2025 00:41 JST
Toyota to Invest Up to $10 Billion Additional in Its U.S. Operations Over the Next Five Years
Nov 14, 2025 00:08 JST
MHI Thermal Systems Launches Magnetic Bearing Centrifugal Chiller "ETI-N" Series for Japanese Market
Nov 13, 2025 23:34 JST
MHI Completes Joint Demonstration with Kirin Group for Automation of Warehouse Operations, and Truck Loading and Unloading
Nov 13, 2025 23:00 JST
JCB launches second round of Shopping Mall Shuttle Free Ride Campaign in Guam
Nov 13, 2025 11:00 JST
NTT, NTT DOCOMO Establish the Large Action Model (LAM), an AI Technology to Accelerate 1-to-1 Marketing
Nov 12, 2025 19:00 JST
Mitsubishi Power Receives Second H-25 Gas Turbine Order for Chang Chun Petrochemical's Miaoli Factory in Taiwan
Nov 12, 2025 18:43 JST
All-New Delica Mini and eK Space Win RJC Car of the Year Award for 2026
Nov 12, 2025 18:00 JST
TANAKA PRECIOUS METAL TECHNOLOGIES Announces TK-SR Rhodium Material for Use in Probe Pins
Nov 12, 2025 11:00 JST
Hitachi and Tobu Railway launched a co-creation initiative to deliver HMAX on Japanese railways
Nov 11, 2025 17:35 JST
World Premiere of the New Hilux in Asia
Nov 10, 2025 20:29 JST
MHI Signs EPC Contract for Large-Scale Ammonia and Urea Fertilizer Production Complex for the State Concern Turkmenhimiya
Nov 10, 2025 19:51 JST
Mitsubishi Heavy Industries Announces Order Intake, Revenue, and Profit Growth in Strong 1H FY2025, Raises Full-Year Order Intake and Revenue Guidance
Nov 10, 2025 19:17 JST
MHI Reaches a Basic Agreement with J-POWER on the Transfer of its Domestic Onshore Wind Power Business
Nov 10, 2025 18:40 JST
JFCR and NEC Confirm Research Results for Developing Individualized Neoantigen Cancer Vaccines Using Whole-Genome Data
Nov 10, 2025 18:01 JST
NEC Wheelchair Singles Masters 2025 to begin
Nov 10, 2025 17:32 JST
Indicio Secures Investment from NEC X, Accelerating A New Era of User-Controlled Digital Identity
Nov 10, 2025 17:00 JST
The 18th JCB World Conference Held in Incheon, Republic of Korea
Nov 07, 2025 18:00 JST
Olympus Unveils Corporate Strategy
Nov 07, 2025 15:30 JST
More Latest Release >>