Qantas has joined mining group Rio Tinto and BHP as foundational investors in a new fund that will develop nature-based, high-integrity carbon projects in Australia.
The Silva Carbon Organisation Fund, which is managed by Silva Capital, aims to raise AU$250 million ($164.7 million) to originate and manage high-integrity Australian carbon credit units (ACCU’s).
The foundational investors have committed AU$80 million ($52.7 million) to the fund with Qantas financing the investment through its climate fund. Established in 2023, the fund has allowed for the airline to invest in decarbonising solutions - including investing in SAF.
“For hard to abate sectors, such as aviation, high-integrity carbon offsets will play an important role in achieving climate targets,” said Andrew Parker, chief sustainability officer at Qanats. “We’re continuing to evolve our carbon portfolio to not only include high-quality, high-integrity carbon projects but also align to nature-based solutions. Through our climate fund, we continue to turn our attention to Australian projects that create ecological and economic benefits.”
Silva Capital acquires agricultural land in Australia to develop carbon sequestration projects that actively promote sustainable agricultural and land management practices. The fund prioritises planting projects that reforest cleared land while ensuring it can also remain productive for farming.
Qantas invests in a new nature-based carbon fund
