With the backing of its new majority owner, Climate Friendly plans to expand its abatement portfolio into parts of Australia that have so far shown limited interest in carbon farming.
A new pilot program will enable farmers who plant native species to generate dual income streams in recognition of the biodiversity and carbon abatement benefits.
As well as giving shareholders an annual vote on its energy transition progress, Shell will allocate US$100 million annually to nature-based carbon offsets, and has set an ambitious CCS target.
The South Australian government is using the paucity of ERF vegetation projects in the state to bolster support for a Bill that would introduce 100-year pastoral leases.
ISPT, which manages a $19 billion property portfolio for industry super funds, has become carbon neutral without using cheap international carbon credits, and plans to create and sell its own offsets.