Microsoft Corp is making a big move into Brazil’s voluntary carbon market with a deal to buy credits from a large-scale project to reforest degraded parts of the Amazon.
The Amazon Summit wants to draw attention to the potential of an untapped market that can help recover deforested areas.
Stimulating green economies is at the center of discussions, and one issue that is gaining prominence is the carbon credit market.
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.
The panel will discuss investment opportunities in biodiversity finance and innovative business models to promote the protection of biodiversity and ecosystem services. Emphasis will be placed on the potential for the private sector to take a leading position in this transition through targeted investment activities.
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.
Gabriel Haddad Silva spent almost five years as CFO at Nubank, which he left in July 2020. Gabriel founded a startup with Peter Fernandez, the former CEO of 99.