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Carbon Market Institute SYDNEY APRIL 22, 2021: As world leaders join US President Joe Biden for his landmark climate summit starting tonight, Australian corporate interest and activity in climate action is surging, says independent industry association Climate Market Institute (CMI). Membership to the CMI has grown 36% this financial year with Coles signing on this month as the 100th member, following the retailer’s commitment to using 100% renewable electricity by the end of FY25, reducing Scope 1&2 emissions by more than 75% by the end of FY30 (from a FY20 baseline) and achieving net-zero emissions by 2050. Other recent CMI sign-ups include the NAB, HSBC, futures exchange FEX Global, regenerative farming business Macdoch Ag Group, carbon capture & storage research facility CO2CRC, and petroleum company Ampol.

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