The Clean Energy Finance Corp. (CEFC) and global investment group La Caisse (formerly CDPQ) have launched a A$250 million ($165 million) landmark, large-scale, diversified agricultural platform to generate high-quality Australian Carbon Credit Units (ACCUs), with Rio Tinto as a foundation offtaker.
La Caisse has invested A$200 million ($132 million) alongside a A$50 million ($33 million) commitment from the CEFC to create the Meldora platform, managed by Australian agriculture and natural capital asset manager Gunn Agri Partners (GAP). Meldora has purchased its first asset, a broadacre and irrigation farm of more than 15,000 hectares (37,065 acres) in central Queensland.
Meldora will combine sustainable agricultural production with large-scale Environmental Plantings under the ACCU scheme, underpinned by a long-term offtake from Rio Tinto for part of the ACCUs to be issued, creating both economic and environmental benefits. Under the Environmental Plantings methodology
