An alternative investment vehicle controlled by French insurer AXA (AXAF.PA) said on Tuesday it will inject $49 million into reforestation projects in Brazil led by local startup Mombak.
Brazilian startup implements a US$ 100 million program in Pará to remove carbon from the atmosphere.
Companies are replanting millions of hectares and generating revenue through carbon credit sales.
New venture, with Conservation International as an impact adviser, will help boost supply of high-quality carbon removal credits while creating social, economic, and environmental value
Producers from different regions of the country discuss strategies that worked in their properties during the 1st Future of Agribusiness Forum.
Startup founded by former CFO of Nubank wants to remove carbon from the atmosphere by restoring deforested areas — an activity that has not yet been proven on a large scale.