The Australian Government has expanded the Indo-Pacific Carbon Offsets Scheme to run for 10 years with $104 million in funding. This reflects Australia's long-term commitment to the Paris Agreement and reducing emissions in the region.
The expansion will:
- increase the international partnerships under the scheme
- fund policy framework, emissions reporting and transparency support for partners.
The scheme will boost public and private investment in climate action projects in the Indo-Pacific region. It will also offer environmental and social benefits to local communities.
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