Producer swaps chainsaw sales for profit from carbon credits
New rural partnership model provides for the cultivation of native trees at no cost to the owner and remuneration for the commitment not to deforest
Startup receives support from the World Bank and HSBC in a bonus that finances planting in the Amazon
Even though it has only been in existence for a short time, Mombak has already attracted major investors, such as the French insurance company AXA, the Canadian pension fund CPPIB, Bain Capital and the Rockefeller Foundation.
Businesses that value standing forests are beginning to gain scale
Advancement of voluntary carbon credit market stimulates segment
See what the world’s largest company and a Formula 1 giant have to do with reforesting the Amazon
With 2,000 hectares reforested, Mombak already has a contract with Microsoft and McLaren
Rockefeller Foundation and CPPIB invest in reforestation fund
Mombak project has already invested in more than 3,000 hectares in the Amazon, with 800,000 trees planted, and can accelerate land acquisition with the new capital
