6 March 2013 — CO2 Australia, a division of CO2 Group, has acquired the Queensland State Government’s 100 per cent share of independently operated Ecofund Queensland.

CO2 Group executive officer Andrew Grant said Ecofund was one of Australia’s largest traders of voluntary carbon offsets and highly regarded in advisory services across renewable energy, environmental and biodiversity offsets.

“Our strategy for the company over the past two years has been to focus on expanding our business activities in emerging carbon markets, commercialising our intellectual property, and diversifying into advisory services and environmental markets trading,” he said.

CO2 Australia is the country’s largest developer of reforestation-based carbon projects, having developed more than 26,400 hectares, or 39 million trees, of dedicated carbon plantings in Australia that are now in the process of being registered in the CFI to enable the creation of Australian Carbon Credit Units under the Australian Carbon Pricing Mechanism.

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