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Climate Change

Mitsubishi joins Aussie carbon market in reforestation effort

Japan trading house seeks to gain know-how via stake in local player

Australian Integrated Carbon provides guidance to livestock farmers on how to regrow native vegetation lost due to deforestation or excessive grazing. (Photo courtesy of AI Carbon)

TOKYO -- Japanese trading house Mitsubishi is entering Australia's carbon emissions trading market through a local specialist that helps farmers turn grazing land back into native forests, looking for lessons it can apply in North America.

The Tokyo-based company has acquired a 40% stake in Australian Integrated Carbon for an undisclosed sum, becoming the top shareholder.

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