Science
HSBC, Queensland government buy ‘credits’ to protect Great Barrier Reef – Sydney Morning Herald
Queensland and HSBC said they will make a “world-first investment” to protect the world-heritage listed Great Barrier Reef which is suffering from extensive coral…
The investment required to meet water quality targets for the Great Barrier Reef is estimated at $4 billion according to James Schultz, the CEO of GreenCollar, which developed the Reef Credit Scheme in partnership with landholders, the Queensland government and natural resource management organisations.
Neither HSBC nor the Queensland government disclosed how much they would invest to buy “reef credits”.
GreenCollar estimates that the market could be worth over 6 million Reef Credits by 2030, opening…
-
Noosa News19 hours agoHelicopter pilots saving lives, providing food and fodder in flooded outback Queensland
-
Noosa News23 hours ago’Lethal new opioids’ prompt Wide Bay pill testing call
-
General19 hours agoInternal Revenue Service starts cutting 20,000 workers
-
Noosa News18 hours agoMan killed, woman seriously injured in collision in Wongabel, Atherton Tablelands, Queensland