Australia’s Clean Energy Finance Corporation (CEFC) will provide $75m in debt finance for Rino Recycling’s $89m Pinkenba recycling centre in Brisbane. The centre will process more than 1 million tonnes annually of concrete, excavation and skip bin waste, and reduce Queensland’s carbon footprint ahead of the 2032 Olympics and other construction projects. The second recycling facility in South East Queensland, the project is expected to save nearly 700,000 tonnes of CO2 emissions during its first decade of operations. Australia’s federal ministers for climate change and energy and for the environment and water called for more action to divert waste from landfill and develop efficient circular economy production processes.
It is important that carbon credit schemes also benefit local communities.
The World Meteorological Organisation has stated that 193 countries have given unanimous backing to a scheme to monitor global greenhouse...