Australia’s Clean Energy Finance Corporation (CEFC) and Canadian pension fund La Caisse have launched a A$250 million (US$164 million) agricultural carbon credit platform named Meldora.
Meldora aims to integrate Australian agricultural production with the restoration of local species vegetation that generate carbon credits.
La Caisse has invested A$200 million in the platform, while the CEFC has contributed A$50 million.
Anglo-Australian mining giant Rio Tino is the platform’s initial offtaker. The platform is managed by Australian natural capital asset manager Gunn Agri Partners, according to a joint statement issued by the CEFC and La Caisse on September 8.
“This investment is a timely step towards advancing resilient, climate-smart agriculture in Australia, while delivering measurable environmental and economic value,” Emmanuel Jaclot, executive vice-president and head of infrastructure and sustainability at La Caisse, says in the statement.
Sydney-based CEFC is a government-owned entity that invests in clean energy projects to support the transition to a low-carbon economy.
La Caisse, which manages public pension plans and insurance schemes in the province of Quebec, had C$496 billion ($358 billion) of assets under management as of June 2025.
