Brazil looks to start-ups in battle to reforest the Amazon
Companies are replanting millions of hectares and generating revenue through carbon credit sales
Canada Pension Joins Startup at $100 Million Reforestation Fund
Canada’s largest pension fund has joined a project to produce carbon credits by planting more than 100 native tree species on degraded land in Brazil’s Amazon region.
McLaren buys carbon credits in quest for net zero
SAO PAULO/LONDON, Nov 30 (Reuters) – McLaren Racing has agreed to purchase carbon credits from reforestation projects in Brazil’s Amazon rainforest and CO2 removal initiatives in Britain and the U.S. as part of its bid to achieve net zero emissions by 2040, the team said on Thursday.
McLaren competes in Formula One and the IndyCar Series, with emissions coming – in addition to motor racing itself – from activities such as air travel, with Formula One set to race 24 times in 22 different countries next year.
A Long-Shot Climate Bet Suddenly Turns Hot
One carbon removal method uses giant fan-like devices to pull carbon from the air
Can Forests Be More Profitable Than Beef?
Cattle ranches have ruled the Amazon for decades. Now, new companies are selling something else: the ability of trees to lock away planet-warming carbon.
World Bank to issue bond to boost Amazon reforestation
SAO PAULO, June 13 (Reuters) – The World Bank said on Tuesday it will issue a new bond expected to raise some $200 million to support its sustainability activities and reforestation in Brazil’s Amazon, and has chosen HSBC (HSBA.L), opens new tab to structure the transaction.
The principal-protected bond will support the World Bank’s sustainable development activities and provide financing for reforestation projects selected by Brazilian startup Mombak through the foregone coupon payments.
Carbon Removal Startup, Mombak, Begins $100M Amazon Reforestation Strategy
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
