Mitsubishi enters Australian carbon market with 40% stake in AIC

Economy

Japanese trading house Mitsubishi Corp. has acquired a 40 percent stake in Australian Integrated Carbon Pty. Ltd., a nature-based carbon credit trader, making its first foray into the Australian carbon market. The investment falls in step with Mitsubishi's key sustainability objectives, including "transitioning to a low-carbon society" and "growing together with local communities," the Japanese company said in a press release last Thursday. It did not disclose its investment amount. By becoming the largest shareholder in AIC, Mitsubishi will support Australian livestock farmers to regenerate n...

Kyodo News

Kyodo News