Carbon

The firm has set its sights on two funds that will invest across the UK and Northern Europe, with a further two targeting Australasia and potentially the US, says managing director Olly Hughes.

Head of global market development Ben Allen says partnerships like the one established with Anheuser-Busch in 2019 could come to play a bigger role than direct sales as carbon farming develops.

If approved, the investments will be sourced through the $283bn pension's private equity co-investment program.

Australia's National Party has seen its ministers express differing views over whether or not the sector should be excluded from emissions reduction targets.

A survey conducted by JPMorgan Asset Management shows Europe places the most importance on ESG considerations during investment, followed by Australia.

Senior market development manager Nick Reinke says the negotiated sale is “related to, but independent from” a broader relationship with the software provider established after a competitive process last year.

The firm has teamed up with SilviPar to launch a vehicle that will target low alterative use land in Paraguay to develop a 50,000 ha plantation.

A third of the fund’s returns will be derived from carbon credit sales marketed in New Zealand’s internal marketplace which is not open to foreign purchasers or credits.

As ag’s nascent carbon credit markets find their feet and the true quality of their respective offerings become clearer, a divergence in price points that impacts farmland values could emerge.

The start-up sold its first ag-derived carbon credits through Nori in October 2020 and has now partnered with a retailer that has sold over $500m worth of carbon offsets since 2001.