Rio Tinto Backs $250M Meldora Platform in Push for High-Integrity Carbon Credits

CEFC backs $250m effort to drive carbon farming   - Ecogeneration

Image: VIDEO LIFE/stock.adobe.comA $250 million agriculture and carbon platform has been launched in Australia, with Rio Tinto securing a foundation offtake agreement for carbon credits. The platform, named Meldora, has been created through a $200 million investment from Canadian group La Caisse and $50 million from the Clean Energy Finance Corporation (CEFC). It will be managed by Gunn Agri Partners and focus on combining large-scale farming wi…

Rio Tinto Backs $250M Meldora Platform in Push for High-Integrity Carbon Credits

Rio Tinto has announced it will purchase carbon credits from a newly launched Australian platform, marking a major step in its decarbonization journey. The initiative shows how big companies are using high-integrity carbon markets in their sustainability plans. At the same time, the deal highlights how Australia is positioning itself as a leader in nature-based carbon solutions. A New Platform for Scalable Carbon Offsets Meldora, the new platfor…