October 23, 2020
sprep-pa
A new market mechanism designed to reduce the impacts of pollution on the Great Barrier Reef has been kick-started with banking giant HSBC and the Queensland government announced as the first buyers of so-called “‘reef credits”. These new “‘reef credits’ are the creation of environmental traders GreenCollar, working in collaboration with Queensland landholders, to establish a new certification scheme that works in much the same way as carbon offset mechanisms.
