BHP invests in blue carbon

June 9th, 2022

Mining Weekly, Other, 08/06/2022, Esmarie Iannucci
Diversified miner BHP has launched a A$3-million grants program to help drive the development of the Australian blue carbon market. BHP’s Blue Carbon Breakthrough Grant Program will support shovel-ready projects and is open for applications, while BHP’s Blue Carbon Enabler Program will support earlier stage projects and is open for expressions of interest. […] BHP is also currently co-investing with Commonwealth Scientific and Industrial Research Organisation in a blue carbon research program, which aims to map and estimate the climate change mitigation potential (measured as CO 2-equivalent) of blue carbon ecosystems in Australia, and further develop the science required for estimating other benefits Blue carbon is carbon that is contained in near-coastal ecosystems such as mangroves, seagrasses, tidal marshes and seaweed.