Video PlayerClose SYDNEY, Aug. 26 (Xinhua) — A number of Australia’s largest air and seaports have promised to cut 200,000 tons of carbon emissions by 2030. Announced on Monday by Australian superannuation fund manager IFM Investors – who have ownership stakes in a range of infrastructure assets such as Ausgrid, Melbourne Airport, Brisbane Airport, New South Wales Ports, the Port of Brisbane, Northern Territory Airports and Southern Cross Station in Melbourne – the firm said along with co-owners they would “commit to meaningful emissions reductions, while maintaining returns for its investors.” Made possible by a 150 million Australian (101 U.S. million) dollar of investment from the Clean Energy Finance Corporation (CEFC) last year, the reduction will be the equivalent of taking 70,000 cars off the road. “IFM Investors is pleased to be taking an active role as a major infrastructure investor to work with the CEFC and our assets’ management teams to set carbon abatement targets and commit to annual progress reporting,” head of Australian infrastructure at IFM Investors Michael Hanna said. “This exciting initiative represents a genuine commitment and start to aligning our assets to the Paris Agreement, and it makes perfect business sense by reducing costs, mitigating future… Read full this story
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