Australia’s green bank and boutique investment firm River Capital will invest more than $80 million in a vast indigenous-led native forestry project in the Tiwi Islands that is set to become one of the country’s largest nature-based carbon ventures.
The project, which will involve planting 30,000 hectares of a type of eucalyptus native to north-east Queensland, is expected to yield five million Australian carbon credit units (ACCUs) over its life of about 40 years, said Heechung Sung, head of natural capital at the Clean Energy Finance Corporation.
